udn..the us dollar bear fund.some points to watch triple-top breakout. scenarios are 1.a continuation of uptrend.this ,we can pick this up easily 2.retracement back into the consolidation zone,followe

udn..the us dollar bear fund.some points to watchtriple-top breakout.scenarios are1.a continuation of uptrend.this ,we can pick this up easily2.retracement back into the consolidation zone,followed bya.a new break upwards.this formation is known as a catapult.buy on the break of 28.71.usually get a good breakout.must have rising lows for a decent break above resistanceb.a break downwards,below 28.23.lower highs for a decent break.lower highs will tell us if it is a good breakthe light blue zone is the pewk zone.can give no real directionplease let me know what you think15 min data points.this is the chart to watch...i think

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Comments

Blixey November 17, 2009 at 11:44am

i spend too much time in 'the pewk zone' dentist...usually after too much wine and rich food :)

(sorry)
dentist 007 November 17, 2009 at 8:52am

28.60 should act as a support.at this point the destination is unknown
Aadil November 17, 2009 at 8:41am

Interesting, catapult formation. Please notify us all when you get confirmation of a break

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