Quick chart analysis of the US Dollar index ;1) as mentioned before several times, long term pattern was still bullish
2) the first quick trend up in 2008 occured "too fast", it "had" to pull back
3) clear channel means that a break out now above 88 could send it into a huge uptrend.
PS : many of my readers keep sending me reports on how and why the Dollar should crash ; sorry to tell you, but you are still reading "old news".
Roubini here, Roubini there , blablablah, after every crash, someone comes out looking like a hero. Do you remember Acompora ?
Roubini was NOT the only one who warned about a market crash ; he was just better at marketing himself !
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