Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Monday, March 14, 2011
DZZ Double Short Gold ETN Weekly Chart Oversold Falling Wedge Positive Divergence
DZZ double gold short ETN weekly chart shows all the ingredients--oversold, falling wedge, positive divergence--to create a big bounce. DZZ moves double the opposite of gold so this chart says gold has topped and should roll over. Look for a right shoulder of an inverted H&S for DZZ moving forward. Chart says sideways to sideways up moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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