raymuy - let me clearly state - the reason I show UUP in the
daily newsletters is simply because stockcharts.com does not update
the US Dollar chart for several hours after the close and I want to
get the newsletter posted much earlier to benefit all members.
Further, I have not put any longer term wave counts on UUP so no
worries. Feel free to post your counts here at
anytime.
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Thanks for clarification - very
Hi Steve, they always told me to use the original ...
Posted by steve on 15th of Apr 2023 at 10:29 am
Thanks for clarification - very nice clean chart. IF 5 waves down completed then should see a large retrace next.
the previous chart I mailed
Posted by raymuy on 16th of Apr 2023 at 10:01 am
the previous chart I mailed yesterday was a daily chart from the last leg down , basically wave 5
this chart is a weekly chart and if this is correct we now have 5 waves down from the top from last September
where in UUP we only have 3 waves ! - which is also the reason I sent that message
you know better than I do this makes a big different -
if this is right and the dollar goes up we might see a leg down in stocks - well that s what we saw last year anyway - dollar up, stocks down
we have a pos divergence in the histogram of the macd
raymuy - let me clearly
Posted by steve on 16th of Apr 2023 at 01:25 pm
raymuy - let me clearly state - the reason I show UUP in the daily newsletters is simply because stockcharts.com does not update the US Dollar chart for several hours after the close and I want to get the newsletter posted much earlier to benefit all members. Further, I have not put any longer term wave counts on UUP so no worries. Feel free to post your counts here at anytime.