Tuesday, March 22, 2011

Long Dollar and Short EURO

Short EURO

this will ultimately be a huge move, the sloppy central bank driven BS that took the dollar to an overshoot on the downside due to the Japan intervention will sling shot the index to new highs beyond most peoples wildest expectations. The insolvency that will be revealed and created over the near-term future is and will be astounding. I shorted the EURO this AM and added dollar index futures this afternoon and evening and will continue to build the position. The Dollar is one position where, at this point, I am willing to buy strength if the setups are worthy. Below are charts.

As you may be aware, and after large profits in my pervious shorts, I am short all the major indexes again as of yesterday and today.

© 2009 m3, ltd. All rights reserved.