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


To: GROUND ZERO™ who wrote (11111)10/7/2010 6:39:15 PM
From: Hawkmoon  Read Replies (1) | Respond to of 219715
 
It's only a meaningful top if the dollar rebounds.

And watching the UUP, it really appears that the dollar is in an H&S right shoulder decline:

bigcharts.marketwatch.com

If so, then I'll be looking for a bottom in the UUP around $20.

The question is whether UUP will attempt a counter-trend rally up to $23.25 neckline area.

It could possibly hold here, given that UUP seldom trades outside of it's weekly Bollinger Bands.

Other opinions?

Hawk



To: GROUND ZERO™ who wrote (11111)10/7/2010 6:41:35 PM
From: Lazarus2 Recommendations  Read Replies (1) | Respond to of 219715
 
200 days of GOLD:

flickr.com@N08/5060491129/#/photos/51413061@N08/5060491129/lightbox/

and here's a YEAR OF YELLOW (gld)

flickr.com@N08/5060501993/#/photos/51413061@N08/5060501993/lightbox/

btw - i notice its now up $1.70

great shake for sure. would not surprise me to see GLD drop to 126.00