20th Nov 2010 – Pattern Study on UUP

Ticker:

 

1. UUP

 

Topic:

 

1. Pay attention to this guy - especially NOW.

 

Lesson Learnt:

 

1. The double bottom formation has already warn you that the crash will come last week. I did not pay attention to it at all.
2. The double bottom was obvious.
3. Watch out the daily chart when the 20MA line comes in and give support to the UUP.
4. I could have just got in UUP at $22.00. Everything was so obvious.

 

Intraday Chart

Historical Chart