Trading Alert: DBA
October 11th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
Consider shortside plays on PowerShares DB Multi-Sector (NYSEArca: DBA). Stop $29.10. Currently $28.75x$28.76.
Premise: Possible double top. Multiple bearish divergences on the oscillators, also, the daily and weekly OBV. But if it breaks higher, cut it loose fast. That might mean “it” knows that the dollar isn’t going to catch a bounce.
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