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dindindon

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dindindon

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Tuesday, 04/21/2015 7:08:53 PM

Tuesday, April 21, 2015 7:08:53 PM

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U.S. Dollar: Evidence of Important Top

UUP PUT option is cheap, HeeeHeeHe...


U.S. Dollar: Evidence of Important Top
April 19, 2015 at 10:17 PM | written by Carl Swenlin
http://stockcharts.com/articles/decisionpoint/2015/04/dollar-probably-topping.html

We use UUP as a surrogate for the dollar

we are seeing technical deterioration in those time frames as well as in the short term. We think there is likely to be a sharp correction soon. As for a downside target, it is typical for a parabolic advance to collapse into the basing pattern that preceded it, in this case a range of 20 to 23.
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