Not chickening out of my foreign currency play

All charts courtesy of either:

Stockcharts.com

thinkorswim

Prophet Financial Systems, Inc.

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By: Stubborn Bear

Jun 11 2008

6:54 pm

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Category: Setups

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Tag cloud: INDU IWM IYR IYT NVDA QQQQ SPX TNX UPS USD VIPSX XLF

The US dollar has shown some strength recently.  A lot of people have been predicting a sizable bounce in the US dollar => I don’t think it will happen. Overall trend remains solidly down, but a reverse bump and run formation may be in the cards.

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