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Wednesday, March 10, 2010

Channel Trading makes BIG MONEY! UUP rules ALL!

Yesterday I posted a picture of my 10-min intraday chart of the SPY. As you can see channel trading is very very gooooddd...I managed to short the highs and buy the lows of the day thus far. The final hour of trading WILL BE delightful as I am expecting a BREAKDOWN! We will see...

*notice how the dollar and markets trade INVERSE of each other


USO 20-MA looks like a possibility upon breakdown of this rising wedge.

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