Ohhhh K. That's pure speculation and a personal interpretation of what may or may not come to be true. Does it take a huge gigantic flamboyant explanation like that or does one need to just read the charts? I spelled out the battle ground lines in my last post. I think it took about 5 lines of copy. Neither HTE or XLE broke into bear territory today. Neither did oil or gold. Until they do, there's nuthin' else to consider.
I did take my DTO profits today. Not because I'm positive Oil will continue up, (I don't know that it will or will not) I did because the major energy funds are right smack dab on a trend line and have NOT confirmed a direction either way. If they break down, I buy back in DTO, if they don't, I'm long already and leave DTO behind. Perty dang simple ain't it?
The moon, the stars, the whys, why nots, who will we sell to's, inflation, deflation, defecation....all up to interpretation. On the other hand, the charts of just a few key funds are instant direction callers. Facts. Realities.
As Nike says: Just do it. |
