Given the low position of DIMBO Recursive, I wonder if Friday is going to be the downer some are forecasting. Rather, it would seem to me, without a derivatives explosion or other nuclear option, I expect a slow erosion, rather than explosion.
Were DIMBO -R above the ZERO line, I'd be more prone to see a horrible downside. Now I only see an unpleasant, vacillating downside.
On an absolute basis, DIMBO is going down, at its own pace, marking this as a BEARK MARKET for the DOW.
The PM Complex is in exactly the opposite trend, coming down off a high relative and low absolute, setting up what I suspect will be a Mid Sept rally.
The ABSOLUTE is probably based out.
It took from Oct 2011 to get here. Wonder how long DIMBO will take to get here ?
Happy Trails, ya'll !!
DG
