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Old 03-13-2008, 12:45 PM
American Trader American Trader is offline
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Join Date: Jan 2008
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The dollar is strengthening across the board, especially against the yen. It's possible for one more thrust to new lows but if you're very aggressive, like me, you can get heavily long the dollar now with low risk at the recent dollar bottoms. The wave count is a bit unclear right now, but it's getting real volatile and the momentum of the dollar decline is waning significantly, and almost yelling at us that's it's bottoming soon. The pairs against the dollar look like the shaky legs of a 150 pound man trying to squat 400 pounds. (EUR/USD currently at 1.5574)

American-T
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