The Positions of the Day....
While crude continued its move to the downside the more prevalent information to be gleaned from today is the fact that the Dollar may be very close to topping. It hit my magic mark at around 97.00. As Looney Tunes Porky Pig might say....."TH...TH...TH....That's all folks!".
From here on in look for the Dollar to return to the 88 level or lower.
OVER TIME!
How much time?
Two years roughly is the time frame but it might do it in a year or so. The point of it is if you are looking long term this is the way to play this sideways and slow movement. The thing is of course we don't yet have too much sentiment building this way so the Dollar may stay up here for a while. The way to play it is LONG the EUR/USD like me. Taking advantage of my signal here:
https://tradingtheeu.blogspot.com/
This is conceivably where gold will bottom (if it does).
This is conceivably where Oil will bottom and stay in a range.
This is conceivably where the EUR/USD will bottom.
This is conceivably where the CRB will bottom.
In essence anything measured in Dollars will likely bottom or top out in this area with the exception of the highly manipulated stock indexes. They are going higher.
So check out the other blog and see how to play the EUR/USD.
From here on in look for the Dollar to return to the 88 level or lower.
OVER TIME!
How much time?
Two years roughly is the time frame but it might do it in a year or so. The point of it is if you are looking long term this is the way to play this sideways and slow movement. The thing is of course we don't yet have too much sentiment building this way so the Dollar may stay up here for a while. The way to play it is LONG the EUR/USD like me. Taking advantage of my signal here:
https://tradingtheeu.blogspot.com/
This is conceivably where gold will bottom (if it does).
This is conceivably where Oil will bottom and stay in a range.
This is conceivably where the EUR/USD will bottom.
This is conceivably where the CRB will bottom.
In essence anything measured in Dollars will likely bottom or top out in this area with the exception of the highly manipulated stock indexes. They are going higher.
So check out the other blog and see how to play the EUR/USD.
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