I enjoy using patterns, as a tool to help inflate portfolios, regardless of market direction. Pattern breakouts can be fun and fast!!!
Wanted to update how Silver is doing a month after the “Hi Yo Silver and away we go” post (see here) and compare it to a couple of other popular metals.
Breakout has been nice…continues to reflect the Power of the Pattern and how they can help us. Put a stop in 4% below current prices to protect gains, for the short-term. So few Dollar Bulls does have me concerned right now!!!
I would pick up UUP on an upside break of the wedge. Wedges are wrong 35% of the time and if the bottom of the wedge gives way, Euro heads higher!
Not my favorite falling wedge on the dollar at this time.
Chris: with the “clownbuck” (thank you Idol79!) now down below 79 and a bullish wedge underway, what do you believe has to happen before backing up the truck on UUP?
Do you ever publish all of the positions you suggest to hold?