Sunday, November 1, 2009

Market Correction

ETF UUP is up up and away ==> DXY also bullish.




What is up in this UUP chart? (7 days ago)
Volume up (green bar) = Bullish
MA20/EMA25 Breakout = Bullish
Accumulation strongly moving up for about 7 days
ADX crossing over soon (+DI is moving up = Bullish)
CCI crossover -100 and moving above 0
MACD bullish crossover
MFI moving above 50%
OBV having strong reversal bounce
Stochastic crossover last week.

Watch out the following :
DUG, EEV, FXP, QID, SMN, SRS, VIX
AKS, DIG, IYR, KBE, LFT

Will market stop last week selling and head higher?
Always look at the volume and price.

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