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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: rayrohn who wrote (7099)	6/12/2008 12:38:01 PM
From: jaker	Respond to of 41447

I have some DUG, USD pretty strong today... I do no know how long they can keep trying to jawbone Uncle Buck up... your chart, a murky Asc. T

To: rayrohn who wrote (7099)	6/12/2008 12:39:39 PM
From: skinowski	Read Replies (1) \| Respond to of 41447

DUG.... Should still be considered as a countertrend trade. As your chart shows, the advance from the June 6 low is "three-wavy" and somewhat wedging. Even the advance from May 21 was a three-waver. Your "X" is, of course, the line in the sand. It may surprise and accelerate, but... so far it's a risky proposition. I still own some - bought in a moment of weakness as a (partial) hedge against my oil and energy holdings. Sold some when it bounced.