Tuesday, June 12, 2012

Nice rally today, but the inverted head and shoulders still looks like it is forming as expected.  It continues to point to completion over the weekend, matching with the Greek elections.  We are still a HOLD.

Tonight I'll also add a scoreboard to measure the RUM Wave progress.   For 2012, the RUM Wave is up 9% while the DJIA is up 1%.  This assumes using an instrument that mirrors the DJIA.  If you used a leveraged ETF (such as UDOW) THE RUM WAVE IS UP 30%!   Proof that "buy and hold" is not the best strategy for your portfolio.

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