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. 

1 comment:

Anonymous said...

Long DRV @ 19.86

Ol Dawg