Dollar ETF UUP reached its low $22.26 on October 21, which is closer enough to my target price, 22.34 to 22.40, calculated in my blog on October 8, Dollar Story (5): We Are Close.
Since then UUP bounced up in a very clear 5 minuette impulsive waves, and is correcting in its minute wave [ii]. I have its larger degree wave count in previous post: Dollar Story (6): Bull Percentage Sentiments
I think in current market condition, the dollar is the only safe place to be bullish on. I am pretty much bearish on everything except the dollar.
No comments:
Post a Comment