Wednesday, September 15, 2010

UUP Update

Dollar update, there's some leading positive divergences in UUP. This would tend to confirm, or at least price following these divergences up, would confirm the false breakout in the dollar yesterday out of a bull flag, at the same time the upside breakout of a bearish gold chart. If so, the gold goes down, the dollar goes up and a rising dollar isn't good for the market generally speaking.

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