Friday, December 3, 2010

12/3 11:40

Dollar index declined below the wave 1 high.  I'm selling out at 79.64.  We should get a bounce here.  Also sold 2% UUP at 22.92.


  1. Hi Steve,

    You anticipated my question: I was wondering about your best guess as to where the low might come in on DX. Because you bought DX futs and UUP earlier, I took that to mean that you thought the low was already in. Now that you are closing those positions, do you have a price target for the DX low?


  2. Also wondering about crude. I'm guessing crude will not top until the dollar makes a low, but do you have a price target for crude, a price where you would consider a short?