Showing posts with label PowerShares DB Gold Double Short ETN (DZZ). Show all posts
Showing posts with label PowerShares DB Gold Double Short ETN (DZZ). Show all posts

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!