Thursday, July 21, 2011
U.S. Dollar starting a trip to a bear market low
The U.S. Dollar appears ready to resume its long term downtrend targeting in the mid to upper 60's on the U.S. Dollar Index. This should be the last downtrend into a bear market low.....after which it should launch a massive Bull Market lasting much of the decade. Meanwhile the DOW is embarking on what should be its final uptrend to a top for this bear market rally.