Tough Call: Sold DBA

January 31st, 2008

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

Just a quick FYI: I took profit on my entire DBA position. It could easily go higher (Bullish Fibonacci fans intact no matter how you draw them, and beginnings of a symmetrical triangle?), but we have a lower high on the daily chart, lower volume on each of the past four up days and MACD cross down. It may also be about to BARF. Taken together, I started to believe the fear that I’ve had for a while about the weekly chart being way overdone. I’ll look at buying it again when the weekly stochastics and RSI unwind.


DBA Daily

Best of luck to DBA traders.

Posted in Economy | Top Of Page

2 Responses to “Tough Call: Sold DBA”

  1. jrev says:
    January 31, 2008 at 2:17 pm

    I think it’s a good call. I’ve been paring back and plan to sell out today. In my opinion the long term trend is intact but retracement back to the moving average is due.

  2. Eileen says:
    February 1, 2008 at 4:11 am

    Kevin,
    I also think this was a very good decision. I admire your call. I wanted some time ago to thank you for your post on your sources, and methods re investing. Sorry – too overloaded here to mention my thanks.
    I realized in the last few weeks months that I am sensitive to stochastics – its a weird thing. Almost like something is pressing on me to buy or sell. I knew what I wanted to buy, but did not until the urge was so overwhelming. Lately this weird urge to buy – was pressing on me heavily when the stochastics are low. The realization that this has occured is in retrospect whilst looking at my buy/sell behavior and the charts re TR Price. I guess I am sensitive to the LOWS.
    I dunno, investing is weird. I lock on my target, load, and then something inside (based on all the logistics) causes me to pull the trigger to buy or sell. That all of this occurs based on some inner instinct – but that my behavior is reflective of the stochastic charts causes me to wonder whether I’m a sensitive/psychic investor. Doo,doo,doo, doo, doo, doo doo, doo.- that’s the Twilight Zone theme song.
    In any case Kevin, I hope you made yourself a good reward on your sale.

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