CUP AND HANDLE

The above chart, DBC, the commodity ETF which holds crude oil (35%), heating oil(20%), aluminum(12.5%), corn and wheat(11.25% each) and gold (10%).

Oil and gold are down big today so it may be time to own this commodity ETF. I was contemplating USO, the crude oil ETF, but I prefer to diversify among the various commodities so this looks good for today. Corn and Wheat could be good in the future as in addition to gassing up all the BRIC's, someone will have to feed them. And is that a cup and handle on the chart?