Monday, 21 March 2011

TOLDJA!! The Dollar Broke Lower—So Now What?

Update below (Tues. morning), with chart. 
Like Nikki Finke always says whenever a scoop of hers gets confirmed: TOLDJA!!

Picture of my girlfriend 
and the fish I caught. Honest!
A couple of weeks ago, I wrote that we were about to enter a crucial phase for the dollar. Then last Thursday, I wrote that the dollar was about to break through a key support level on Thursday or Friday. 

And what happened on Friday? Even after massive Federal Reserve, European Central Bank and Bank of Japan intervention on Thursday night? The dollar broke through! 

I was right!—TOLDJA!!

(Yes, I know: I’m an insufferable shit. But I’m also right. So you’ll just have to resign yourself to taking the good with the obnoxious.)

Now it’s all good and fine to have predicted when the dollar was going to break through a key support level—but the obvious question is:

Now what?

Will the dollar continue going down? Will it bounce back up? Roll sideways? What? (“You want answers?” “I want the truth!” “You can’t handle the truth!”)

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