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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (7774)7/16/2008 10:47:26 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 41469
 
I wouldn't make too much out of the COTs. The commercials are not always the smart money. They also consists of end users who have become scared sh*tless and were probably hedging here as sentiment wise there's little difference between 144 and 160+. Airlines that weren't hedged prior probably bought (hedged) near the top. Just my guess of course. Glad we're on the same page here overall.



To: skinowski who wrote (7774)7/16/2008 5:43:42 PM
From: skinowski  Respond to of 41469
 
DUG has serious resistance near 35. Stops for now, imo, should remain under 29.

DUG did pull back after making a high of 34.90. What's next? hard to tell - it all depends on Oil. Still can't think of a better longer term stop than 29. The advance so far remains a three-waver. (edit - I think the orthodox low for DUG took place on July 2, and not on May 21).


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