Saturday, July 14, 2007

US Dollar's Demise

I realize that a weak dollar has its good points but I still find it hard watching the greenback slowly disintegrate. The Canadian dollar is worth almost as much as the US dollar for Pete's sake!!!

Where will it end? I don't know but the chart is saying that there is plenty more downside. We just broke through a TDST support line and we are half way through a TD Combo buy countdown. Right now I would guess that 78 is a real possibility on the dollar index.

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