MPTrader: E-mini & QQQ Diaries
MPTrader
MIKE PAULENOFF'S ETF TRADING DIARY

Color Line
MPTrader.com -- Trade Smart
MPTrader Line
Mike Paulenoff
Receive Our Free Email Newsletters:
For Email Newsletters you can trust
* In submitting this form you agree to our permission/privacy statement.

Links
 

Mid-Day Minute for Fri May 23rd 2008 RSS

Fri May 23rd 2008
Upside Continuation for DUG
by Mike Paulenoff, www.MPTrader.comUpside Continuation for DUG
By Mike Paulenoff, www.MPTrader.com

The ProShares UltraShort Oil & Gas ETF (AMEX: DUG) is smacking right up against its 8-week resistance line at 28.25, which could stall the upmove off of Wednesday's low at 26.43. However, the overwhelming weight of my technical work argues for upside continuation towards 28.80-29.20 (corrected from numbers in chart below) prior to the initial bout of profit-taking.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his ETF Trading Diary.

 << May
2008		 >> 
SMTWTFS
27282930123
45678910
11121314151617
18192021222324
25262728293031

Reader Response:

Comment on this Article

Post Your Own Chart/Analysis

Tell a Friend About Us


Login to our "Echo" Comment System by using your user name and password from any of our AdviceTrade services (AdviceTrade.com, TheTechTrader.com, MPTrader.com, MarketsPath.com, and SwingTradeOnline.com):

Login Now to share your comments

Create your display name!

Login with your id from any of our AdviceTrade Sites:
AdviceTrade.com, TheTechTrader.com, MPTrader.com, MarketsPath.com or SwingTradeOnline.com



Forgot your password? Click here.
Not registered? Register for free.

color_line

© 2002-2010 MPTrader.com, an AdviceTrade publication.  All rights reserved. Any publication, distribution, retransmission or reproduction of information or data contained on this Web site without written consent from MPTrader is prohibited. See our disclaimer.