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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: rayrohn who wrote (7099)6/12/2008 12:39:39 PM
From: skinowski  Read Replies (1) of 41447
 
DUG.... Should still be considered as a countertrend trade. As your chart shows, the advance from the June 6 low is "three-wavy" and somewhat wedging. Even the advance from May 21 was a three-waver. Your "X" is, of course, the line in the sand. It may surprise and accelerate, but... so far it's a risky proposition. I still own some - bought in a moment of weakness as a (partial) hedge against my oil and energy holdings. Sold some when it bounced.
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