Tuesday, November 9, 2010

Bullish Engulfing Japanese Candlestick

Simple is easy - I like easy.

Here is a simple explanation of a Bullish Engulfing Japanese Candlestickpattern which is a reversal pattern - meaning a trend change. This is the DZZ - double short Gold ETF - it's a great hedge for anyone with positions in miners, tech stocks, etc. I don't believe Gold is hit its peak yet, but I do believe its corrections will become faster and more violent. Take the DZZ overnight with you for a good night sleep!

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