NicTheMajestic

DIA Looking for Support ?

NicTheMajestic Updated   
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
- First commodities, then the miners, then the industrial equipment, then the transporters, then the financials... now the hedges are coming off.
- See support at 320 and 329.
- Ratio says put buildup is over
- Ratio usually double bottoms (hits green twice)
Comment:
Use a daily timeframe with the ratio, I am using a weekly because it is less noise.
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