The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos.
Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Monday, June 22, 2009
DTO (Double-short Oil)
Those of you that track my Twitter account knew that I sold my positions early this morning for an average price of $79.01, which equates out to a 10.8% return.
It had a gap open of $4. From a technical perspective, it has not reached the overbought area as measured by Stochastics, PPO, RSI, and CCI. See the following chart. If it closes the gap, I just might be interested in trading it again. To enlarge the chart, double-click inside of it.
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