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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Friday, June 17, 2011

UUP ($USD), Greece

i confidently see $RUT is trading in a multi-months medium term pattern that rhythm very well a past period. contact me if you want to know.

my view of $USD is coming with wave 5 lower low.
wave 4 rejected around the red trend line resistance and the typical wave 4's 38.2% retrace.

Greece stock index up sharply 4.6%, trying to back into the blue triangle.
if success, could be similar to the situation as Mar 2009's back into the triangle, which lead to substantial rally of more than doubled from Mar to Oct 2009.
i think Greece will be saved, one way or another.
if true, Greece stock index could be the best buy ni the world. buy Greece? i need to learn Greek first or consult my Greek member. :)