Saturday, 3 November 2012

Saturday 03Nov2012 - My 5 Cents Worth!

The Euro is now very close to breaking support levels for its bear market rally from late July lows.
If it breaks down, I plan to add to EUO-NYSE positions. EUO is a 2X inverse ETF that increases in price when the Euro declines vs the US dollar.

The following chart and comment is from EWI Friday Short Term Update.

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