DBA (doing business as…two left feet)

Posted on Mar 12, 2009 by in Letters

We have been following our economic analysis expecting bull markets in the commodity ETFs.  Here is DBA which could well be setting up a Kilroy (or inverse, reversed Srissasana upside down head and shoulders) bottom.  Today's action could be a speculative (very) signal.  There is a possible signal when the downtrend line gets crossed (depending on the circumstances) and, of course the prudent trader's signal is the penetration of the horizontal fence (neck) line.

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