Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, July 31, 2009

23.43

is the June low on the uup.

1 comment:

Tony said...

I'm probably off on this, but I have a weekly chart on UUP showing us in a wave 4 downward motive (of an even larger wave 3), which should resolve down below 23.45 support.

http://tinyurl.com/l8hbhb

Does that look about right, or is it way off? If it's way off, then say so... I'm just trying to figure out the dollar because I think it's the key to where we go.

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