Thursday, December 18, 2014

Here's a good looking pick from Jonathan Lebed: [RUSL]

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.


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