Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Friday, February 25, 2011
UUP Dollar Bullish ETF Daily Chart Positive Divergence Set Up for UUP
UUP Dollar bullish ETF daily chart showing the makings of a positive divergence set up. Rumors of the dollar collapse are greatly exaggerated. As seen by previous dollar charts, $USD, the 77 bottom rail support is important, bounce or die. From this chart, a bounce is in the works for the dollar index, it is simply a matter of choosing the entry in the green circle. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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