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Showing posts with label Elliot Wave. Show all posts
Showing posts with label Elliot Wave. Show all posts

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