If the EUO is/has broken down out of the bearish rising wedge
and going to pullback, would it make sense to invest in the
opposite ETF, ULE, the 2x bullish euro proshares fund? May
need to see the MACD and RSI turn up, and the 60 period stochastics
bounce off 50, also look at 60 min and other charts, the one
above is a daily.
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ULE-opposite of EUO
Euro
Posted by sue2 on 25th of Aug 2010 at 10:39 am
http://stockcharts.com/h-sc/ui?s=ULE&p=D&yr=0&mn=7&dy=0&id=p67851542465
If the EUO is/has broken down out of the bearish rising wedge and going to pullback, would it make sense to invest in the opposite ETF, ULE, the 2x bullish euro proshares fund? May need to see the MACD and RSI turn up, and the 60 period stochastics bounce off 50, also look at 60 min and other charts, the one above is a daily.