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Wednesday, February 02, 2011 8:27:03 AM
GU 4 Hour Chart with Wave Count
Well, my long term short on GU may not be so long term after all...at least not yet.
From what I can see, GU is wrapping up Wave 3 on the 4 hour chart here, not Wave 5. That means we will see a nice pullback but only as a correction. We should ultimately pull back to approximately 1.6075 and then take off north again.
I'll be out by then. I'll re-enter after the final move up on the 5th wave.
Well, my long term short on GU may not be so long term after all...at least not yet.
From what I can see, GU is wrapping up Wave 3 on the 4 hour chart here, not Wave 5. That means we will see a nice pullback but only as a correction. We should ultimately pull back to approximately 1.6075 and then take off north again.
I'll be out by then. I'll re-enter after the final move up on the 5th wave.
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