Dollar Downtrend

The dollar has been in a 10 year downtrend, with a deep pullback in 2008.  Obviously there must be a lot of dollars floating around.  A weak dollar is obviously good for the stock market right?  Well it usually is, but sometimes when it gets so extreme and pulls up the price of oil, it's not.  That pullback to 1250 that I forecasted could stem from the weight of higher oil.  Today, it looks like we are just staying in that narrow range from 1325 to 1335.  Overall, it's bullish action because this market is very reluctant to give back those gains over the past 3 weeks.