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发表于 2009-11-13 07:58 PM
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It is very interesting today: UUP dropped more than it jumped yesterday, but SPY rallied less than it plunged yesterday.
I think UUP's loss today is resulted from the dip of USD/JPY mainly. That seems the unwinding of carry trade of EUR/JPY, GBP/JPY and AUD/JPY. So, USD is likely to rebound against its counterparts: EUR, GBP, and AUD soon.
Finally, I see a potential top pattern is in the forming which is big enough, IF BREAKDOWN, to sustain a few days pullback.
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But again there’s always a but – a bullish c ...
Cobra 发表于 2009-11-13 17:24  |
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