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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (10470)9/27/2010 12:41:24 PM
From: Hawkmoon  Read Replies (1) | Respond to of 222043
 
Watch the UUP.. I just counted 11 hourly ticks where it's flat-lined at what seems to be firm support.

Here's an hourly of the VXX (which I also watch). Plug in UUP and you'll see what I mean:

bigcharts.marketwatch.com

The USD went down like a French Whore, quick and dirty.. And when she gets up off the floor, it may be just as fast and dirty. No other currency wants to see the USD decline so fast, as it puts upward pressure on their own currencies (and impacts their exports).

And if you plug in the weekly, you'll that bearish Marubozu candlestick on the UUP.. So if we're going to see a reversal, it's going to need to be a very hard and decisive one.

Hawk



To: robert b furman who wrote (10470)9/27/2010 9:56:21 PM
From: Wayners  Respond to of 222043
 
There are some really great IPOs to trade and I've been trading a few myself. The best traders are BORN, FN, MMYT, HSFT, MCP (traded that today (day off from work) made $$$), QLIC, MDMD, JKS, CIS, RP, TSLA, AMAP, IL, KH, HTHT and others. All are past 30 days and are marginable.