Tuesday, October 19, 2010
Dollar Bottoming
With the dollar forming a short term bottom, the market will have problems exploding higher. It can still edge up, but I don't see the same explosive up moves off bottoms. At the same time, the market has hardly had a down day and the trend has been firmly higher. Until we get more two way trading, it is hard to be a bear. But I think we're starting the two way trading this week, on the way to forming a top. So I'm forecasting choppy up and down moves for this week, with swifter selloffs than in the past 6 weeks.
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1 comment:
Long DRV @ 19.86
Ol Dawg
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