Harvest time for the Grain ETF (DBA)

Posted by Chris Kimble on 09/29/2010 at 6:10 am; This entry is filed under Dollar Update, Grains.

Yes it is that time of year to harvest the fall corn crop, yet that isn’t what I was referring too!  See chart below.

Sticking with the theme…”Trade the Range and Harvest against resistance” … Harvest the grain ETF (DBA ) as it hits the top of its trading range.

Should a breakout take place in DBA, breaks resistance and the top of the range, become a buyer with the top of the range as your new stop.

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5 Comments

  1. Lukasz September 29th, 2010 at 7:17 am

    Hi, thanks for the post
    Do you consider sHs on USD has already formed?

  2. Chris Kimble September 29th, 2010 at 7:30 am

    Dollar did look to have created a sHs and broke the neckline, that appears to be a good reason it has fallen so much.
    Long-term support and only 5% dollar bulls must be respected for a while.

  3. Tony September 29th, 2010 at 9:48 am

    Hi Chris,

    How are you determining that there are “only 5% dollar bulls”?

    Thank you.

  4. Chris Kimble September 29th, 2010 at 10:12 am

    Tony,
    Robert Prechter was on CNBC two days ago…he mentioned this number, based upon Trade-futures.com’s recent release.

  5. cK September 29th, 2010 at 10:28 am

    According to Calculated Risk, the fed won’t likely be announcing plans for QE2 until its November (2?) mtg. The fall in the dollar is way a head of this.