Wednesday, April 18, 2012

UGA starting to crack..

Looks like UGA is making a shot for the lower channel  which implies a flush to 120ish on SPY.  Not until then do I take off my DGLD (short gold) and flip long. Like wise I'll cover SRTY  down in the area of the lower channel.   The 1st chart is my UGA target the second chart is SPY overlaid and the potential lower channel point it will meet before any more QE action....

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