Tag Archives: nov08
UUP is Down (no brainer)
Posted on Nov 14, 2009 by WHC Bassetti.
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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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Noted technical analyst WHC Bassetti has over 40 years' experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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