Monday, January 5, 2009

DBA - Jan 5, 2009

charts courtesy of stockcharts.com

DBA has been doing very well. It followed The lead of GLD as the second commodity related ETF to firm up an advance.

It is at multiple resistance points as you can clearly see from these charts.

I though a prudent way was to take some profit and set a tight stop somewhere below the rising trend line and see how it behaves at resistance.

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