Friday, February 08, 2008

The Final US Dollar Contrary Indicator

Not much to say today. The market is at a critical point and I expect it to hold. I am long the 200% financial etf, the 200% S&P Index, and the 200% Nasdaq 100.

On another note, first there was the Gisele Bundchen contrary indicator for the US dollar back in November 2007, which turned out to be a nice little trade. Now we have the ultimate in contrary indicators for the greenback. This week I noticed that NPR's Morning Edition has been running a multipart series on the "falling" US dollar. Thanks for the update guys.

No comments: