Thursday, March 25, 2010

UUP: Completing Wave 5

Last week, I noted that UUP was completing Wave 4 and ready to make an upward move. Now we may be getting ready for an Elliot Wave a-b-c corrective, but overall this is a strong basing pattern on an intermediate time frame.

1 comment:

  1. It seems a little hard to believe that the s&p five hundred has been in a trading range the last ten years.