Wishful thinking of DUG

    Posted by hellocsz on 6th of May 2008 at 07:47 pm

    A lot of ppl set stop loss of DUG @29. Big guys clearly know that. So I expect the bottom of DUG is between 28.5-29. Just a wishful thinking.

    DUG

    Posted by arl3080 on 6th of May 2008 at 10:37 pm

    hellocsz---Just a wishful thinking.--I DONT THINK SO---we should bounce from there at least and that was my target area on DUG below 29--gotta wait and see

    Interesting comments

    I expect a double Tops

    Posted by hellocsz on 6th of May 2008 at 11:15 pm

    I expect a double Tops of DIG. Compared USO and GLD charts, two more days for USO to hit 100.XX.

    Personally I'm going to see

    Posted by matt on 6th of May 2008 at 08:11 pm

    Personally I'm going to see how DIG and XLE act in the morning, if they gap up, then I'll wait a little bit to see how if they strengthen or weaken. 

    Currently I own a little DIG as a hedge.

    See you later, I'll send out an update tonight.

    So far the market holding in there well and Transports are strong

    DIG 60 min Renko

    Posted by matt on 6th of May 2008 at 08:25 pm

    DIG 60 min Renko.png

    In the future, I'll probably use the 60 min DIG Renko chart for buy/sell signals, has been working great; would have kept you out of this mess

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