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I'm loving the weakness in the Dollar right now. However I'm just wondering whats
going to happen at the bottom of this move.
The Dollar index made a parabolic move which ended at old resistance and is now
collapsing. In many instances on this type of move it goes down and re groups, sometimes
at a fib level and over time makes another run for the highs. This is what gold
did at the end of 2009 after a parabolic move up.
For now the trend is defined but I'm always thinking whats the next big major
move? I think watching the big picture on the Dollar index will give us the clue.
When I don't know, but I'll ride this wave whilst its going on whilst being alert
to any resumption of the main trend at some stage in the future..
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