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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Here’s the Key to Today’s Trading Session

chessNwine Mon Oct 3, 2011 2:32pm EST 5 Comments

The 12631 Chat Room is buzzing today about risk aversion as exemplified by the U.S. Dollar. Hey, at least the hideout is back in the U.S. and not in Switzerland. Indeed, that is one scary chart. After a nightmare of a downtrend, the Dollar is running in free space. Stock market bulls want to see this rally stall out before $22.75 on the UUP ETF is conquered.

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5 comments

  1. Berniecornfeld
    Berniecornfeld
    October 3, 2011 at 2:35 pm

    Escalator down, Elevator up? …wait…what?!

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