Many people in the EW blogosphere don't agree with my long term assessment of the dollar. That's fine. Most people don't agree with me on anything. I suppose I am a universal contrarian of sorts :) [is the word I am looking for contrarian or idiot?] ... anywhooooo.....
But just because I don't think the dollar is in a new secular bull market doesn't mean I think we can't be in a cyclical bull market.
That is that I have being showing in my dollar projections (such as here). I also reviewed by long term EUR/USD count the other day (Thoughts on the Euro, the Dollar, and a Long Term EUR/USD Count) and think the dollar rally / upward correction could last most of 2010 (at least in comparison to the Euro).
So even though I am a long term dollar bear, this is still the time to be bullish on the dollar and I think this move has further to run up. A look at the DX today shows a sharp breakout (viagra-ish, you might say) out of the consolidation last month
Corrected based on valid observations by Gumbo
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1 year ago