A Dow Jones breakout! Which DJ Index?

Posted by Chris Kimble on 03/03/2011 at 11:01 am; This entry is filed under Coal.
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A lump of coal in your Christmas stocking may not be a good thing, yet you can make an upside breakout in the DJ Coal index a benefit to your portfolio!

CLICK ON CHART TO ENLARGE

Game Plan....Own ACI on a breakout  (see post here)  In the above chart the DJ Coal index is breaking out from the flag/pennant pattern.  The majority of the time when a breakout of a flag/pennant takes place, the breakout is a BIG ONE!!!

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2 Comments

  1. German March 3rd, 2011 at 4:32 pm

    Hi Chris,

    why not use KOL etf intead? Just wondering if you have done a correlation study of ACI and coal. Like this trade now also and will implement.

  2. Chris Kimble March 3rd, 2011 at 11:32 pm

    German….Both work…See the link below over the past 12 months.
    http://finance.yahoo.com/echarts?s=KOL+Interactive#chart1:symbol=kol;range=1y;compare=aci;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined