Monday, August 17, 2009

Significant breakout

On August 9, I wrote a post about the case for the bears. Jack Steiman drew a chart of the USD ETF UUP. Given the positive divergence, it looked like it was just a matter of time before this broke the wedge...

...I just got the following in my mailbox (I can't recommend enough for you guys to try this free for 30 days):


MarketClub Smart Scan Alert for UUP Price Breakout Above POWERSHARES DB USD BULL (PACF_UUP) has broken above your preset level of 23.58 and is now trading at 23.6293 +0.1793 (+0.76%)

UUP Streaming Chart
http://www.ino.com/info/190/CD3603/&dp=0&l=0&campaignid=8
UUP Chart Analysis Details
http://www.ino.com/info/190/CD3603/&dp=0&l=0&campaignid=8
POWERSHARES DB USD BULL (PACF_UUP)

Last 23.6293 Net Change +0.1793 (+0.76%) Score -55
Volume 390240

Open 23.6800
Day High 23.6800
Day Low 23.6200
Prev Close 23.4500

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