The chart of DBA provides a good example of how difficult it is to make a decision in this market, unless you are comfortable taking plenty of risk and being a "long term" holder – – here's the daily chart.
Now, I really like this chart. It has the makings of a great inverted H&S pattern, with a stop at 23.15, which is less than 6% away. So the risk isn't gigantic. But it has the makings of a pattern – the pattern isn't done. If you look at the minute bar graph, it looks less enticing.
This graph looks just the opposite – like it should be shorted!
In this insane market, my choice in this kind of situation is to do nothing. I have instead opted to buy into DBC, which I consider a more consistent graph with an even safer stop-loss price.
