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Wednesday, November 18, 2009

Bob Prechter of Elliot Wave Bullish on US Dollar

http://www.elliottwave.com/freeupdates/archives/2009/11/17/U.S.-Dollar--Flies--A-Blip-or-Start-of-Something-Big.aspx

Bob Prechter's market timing has been pretty good in the past. He called the market bottom in March and called for a multi-month rally to a target of DOW 10,000. Well we are now around that point.

Offsetting the predicted weakness in the DOW and other major equity market & commodity indexes is an expected appreciation in the USD.

Those of you who missed my earlier post on my personal views on the US Dollar can find out more here


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