Still holding DUG, no reason not too. It retested its lows on Monday, only to reverse. Todays action was similar only it didn't test lows and it finished higher. I'm looking for DUG to trade higher very short term. If we happen to get a 5% to 20% profit taking in that sector, even better. Other than this, I haven't been able to find too much. In fact, the market is very eery. Volume is pathetic and action is primarily sideways. I'm concerned that the bulls just can't bring it higher. Technicals suggest an intermediate term rally like I've mentioned before but fundamentals point to a continued bear market with the worst yet to come.
Is this the calm before the storm???
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Great day
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