Easy Money Alert! Dollar Approaching Multi-Year Low! Buy Soon?

Discussion in 'Trading' started by shortie, Jan 26, 2011.

But Dollar Now or Later?

  1. Buy Now, Don't Want to Miss the Bounce

    1 vote(s)
    33.3%
  2. Buy Soon When UUP Touches 22

    0 vote(s)
    0.0%
  3. Don't Buy or Sell, UUP Will Be Flat For A While

    0 vote(s)
    0.0%
  4. Short Now

    0 vote(s)
    0.0%
  5. Short When UUP Breaks Support @22

    2 vote(s)
    66.7%
  1. in the last 3 years UUP touched 22 level 4 times bouncing each time. most recently we had a nice bounce in October.

    why this time should be different? Buy now or later? Any good targets?

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  2. i don't see the same pic when looking at the dollar index. probably the difference is due to the fact that the silly UUP etf loses value due to futures rollover.

    "The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. "

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