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Northrop Puckett
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Options trader, gin/whiskey drinker, jazz listener, bibliophile.
My book:
Scenes on the Prairie
  • EUR/USD Approaching Reversal Point? 0 comments
    Jan 30, 2013 5:14 AM | about stocks: UUP, UDN, SPY

    The Euro/Dollar is approaching it's 50% Fibonacci Retracement Level from its May 2011 highs to its July 2012. 50% is a pretty common reversal point. It could be nothing, or could be everything. Check out the chart below.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: UUP, UDN, SPY
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