OIL is bullish because of the POSITIVE divergence in the indicators while the prices are lower.
DTO has a NEGATIVE divergence while prices are higher, therefore bearish for DTO and bullish for OIL.
WE are now looking for a break of necklines.
go to salvadorlara.com for more updates.


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January 15, 2009 at 6:19 am
Matt
I agree with your bearish call on DTO. In addition to what you have posted:
–Double top on MACD
–Hasn’t hit the 50 dma in more than 3 months