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


To: Chip McVickar who wrote (11082)10/7/2010 1:03:04 PM
From: Hawkmoon  Read Replies (1) | Respond to of 219619
 
Watch the UUP and/or dollar index..

It's trying to get up off the floor, right now, but now sure how successful it's going to be.

If you look at the daily 1 year on it, it's clearly in the right-side downleg of a H&S formation.

bigcharts.marketwatch.com

If it moves higher, it could signal an end to the market rally.

Hawk



To: Chip McVickar who wrote (11082)10/7/2010 2:33:27 PM
From: Chip McVickar  Read Replies (1) | Respond to of 219619
 
TP at 2.20...

TP at 3.10-15