Marc Faber, Jim Rogers agree dollar due for a temporary rebound
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Comment by BullBearGirl on November 10, 2009 at 12:59pm
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I can be patient!
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Comment by Steven Vincent on November 10, 2009 at 12:24pm
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Looking over the charts, I think that yesterday's big dolla selloff may have been a capitulation bottom. The charts still look like a bullish reversal is forming. And since they are taking a loooooong time to form, the reversal, if and when it does come, will be significant, lasting and strong. Patience!
There are some clear technical levels as well that will tell us if we are wrong. But we are not there yet. At this time all we can do is wait for the markets to fully set up. Up until yesterday, I thought the setup was in place. But markets are saying "not yet". Could be another couple of weeks, believe it or not.
More later....
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Well, if we're wrong about the dollar, at least we are in good company.
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