Monday, October 28, 2013

I just bought me some coffee

Coffee traded through the ETF JO looks ready to turn. Here is the chart seen through my 3X inverted stock chart tool:

That is one wacky chart. It's up 20 X since the bottom, or 2000%. If this was a 3X inverse ETF I would be drewling right now. But it is a straight non leveraged ETF which is not that bad either. I will add to this position on any further declines.

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