Monday 25 July 2011

USD - The BULL MKT IS JUST ABOUT TO BEGIN


SS says

Pls see chart above

DXY has been range bound since last couple of weeks between 72 and 76

Bearish view on DXY peaked in this year - see bottom in blue line on chart

People no longer hate the DXY

But the love ie BULLISH SENTIMENT has now moved from 10 to 50%

So the crowd is loving the DXY now -

As we can see - DXY is not dead - as most stupid people were saying

DXY is not dead - as there is no hyper inflation - as the fools were saying in the press

DXY is actually trying to bounce up from 72 to 76 in last couple of months

All risky assets have been weak - DXY has been strong

This makes sense to me

One strange observation is - DXY has barely edged up - while sentiment has gone from 10 to 50%

There are two views here -

1 - DXY is about to shoot up

Go to 80

Hence Blue line should head to 90%

2 - If the final pattern has not set in as yet  - DXY should make one more low near 72 and then make the final BOTTOM

Blue line should first collapse and then rise

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Either way - Pls note that the only way DXY can go is up  - its only a matter of time - either now - or later

I feel it will be sometime last qtr this year or early next year

BE ALERT - we are about to see the mother of all moves in mkts coming soon

RISKY ASSETS WILL GET CRUSHED and DXY will SPIKE UP



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