When Russia hiked their interest rates, the short sellers ran for cover and this triple bullish Russia ETF more than doubled in 3 trading days... This chart is a classic falling wedge with a throw under. Maybe it goes to $8 -$10 range and then does one more wave down (a 5th under W3C theory). Or maybe it does an a-b-c back to $22. But in either case, this is very likely going to be a short term fast moving winner.
Buy the dip, not the peak.
Thursday, December 18, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment