Prices can only keep moving that way for a while, and in fact, the day after I wrote my thoughts on DUG, it peaked and it started moving back down.
It seems that divergences on MACD and RSI on the hourly chart were reliable this time.
After the big drop from 39.50 to 35 in less than an hour, DUG has shown some weakness - which was really market strength due to the Fed's announcement of their intention of keeping rates at zero until 2013.
This morning MACD crossed the slow line, and RSI is now heading up.
Time to get back into it?

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