In April 2011 it was thought that it would be a very safe bet that both Osama Bin Laden and the US dollar was doomed. They both attracted ignominy of the highest degree. Yet we posted on this blog (04/24/2011) this post This is the contrarian investors next big winner. That's right we felt the US Dollar would shine once more. Well maybe not yet!
You must say it looking more and more bullish for the USD.
- Strong 74 period cycle.
- Volume on higher on the upswings than the down swings.
- We hope a new high, so we have higher highs and higher lows.
- As Jim Rogers said if something is crowded to one side so much time to take the other side.
If your super dollar bullish then you may side with Harry Dent and that this could be the start of a multi year US dollar rally. Watching that play closely.
Keep an eye on it this week as the Euro zone mess may push it higher.
