Browse Symbol Stacks: DBC: DBC.png

DBC.png

"Fucked" is an apt adjective to describe the commodities index ETF DBC. After a sharp fall, a brief continuation pattern, and now the beginning of another very steep fall this does augur well for commodities in general. What's always surprising is that my channel lines are generally pretty bang on except for minor adjustments or that I had the overall up/down direction wrong. What amazes me here is that DBC was already in a fairly steep downward channel and opened outside it this morning! Very bearish signal.

Comments

GreenbuckeyeGreenbuckeye
Haha... nice adjective! 9/11/14