UUP is Down (no brainer)

Posted on Nov 14, 2009 by in Letters

In September we saw a sell signal in the dollar, as indicated on the chart.  A gap down.  Good practice, following the marked Basing Point would keep the trader short up to the present, in spite of the rally of early November.

This could have been done by short the UUP or by long the FXE:

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