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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • US Dollar Bumping Against Resistance 0 comments
    Nov 16, 2012 1:22 PM | about stocks: UUP, UDN

    Today's chart of the day from All About Trends is UUP which we'll use as the proxy for the US Dollar.

    (click to enlarge)

    11-14 We used to say dollar up-markets down, dollar down-markets up was all the rage and it still looks that way here, but see the USD? It's bumping up against a resistance zone, the 200 day average and overbought. Should the Dollar pullback, we'll see if the dollar down-markets up is still in play.

    (click to enlarge)

    Long Term View

    (click to enlarge)

    The following is brought to you from All About Trends. Subscribers receive daily commentary and a weekend wrap-up. Experience our accurate market analysis, trading methodology, and stock selection to raise your equity curve for only $20 for the first two months. That is an incredible deal, but before you spend money, give our free newsletter a try to see what we're all about and grab a free report as well.

    Stocks: UUP, UDN
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