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

To: yard_man who wrote (88095)	11/22/2016 4:43:46 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218585

Yeah, it does look suspect, but a signal is a signal... I bought gold yesterday and added today... (gulp)... Also, watch out with this stock market... tricky stuff coming up, it looks like it wants to go higher, but it's now sooooooooooooooo overbought... who knows, just follow the happy signal and be happy... GZ

To: yard_man who wrote (88095)	11/23/2016 4:50:30 AM
From: GROUND ZERO™	1 Recommendation Recommended By Hawkmoon Read Replies (2) \| Respond to of 218585

Here's a 3 year daily chart of the EUO which is a U.S. Dollar ETF which represents short Euro... so, basically this is a chart of the dollar itself against the Euro... I drew two wedge patterns on this chart, one small and one much larger... we can see how the dollar just recently broke out higher from both wedges... using the 65% Rule, this market broke out right on schedule, that is 65% into the wedge pattern itself... the measured move target for each wedge is 5 and 10 points respectively... the current market price is 26.65 or so, it broke out just above 25 or so... this means the EUO could rally to 30 or 35 from current levels... GZ