Tuesday, May 6, 2008

UYG - Bearish Wolfe Wave Breakdown




(Click On Chart To Enlarge)

Gap down at the open, below the Wolfe Wave. The target line (yellow...#6) looks to be at about 32.50 - 32.60 currently. I can't measure it precisely on these hourly charts, like I can on the Metastock charts.

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