Tuesday, January 29, 2008


We are going to find out very shortly whether or not this rally in USU is a new impulse move higher, or simply a counter trend move back to the bottom of the triangle before breaking lower again to complete the triangles downside target of 5 3/4.

No question it is at the crossroads and it has been rather odd as to the 17% rally in the stock price, yet the April call options have gone nowhere to speak of.

Keep a watchful eye on this baby.


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