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.
- Post author:WHC Bassetti
- Post published:March 12, 2009
- Post category:Letters
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