12/22/2003

Get ready for a dollar turn. Take a look at the chart on the Swiss HERE and you will see we are very close to the 96 turn chart which was the beginning of the Clinton boom. As the dollar makes news in the popular press it means it is over. I once took a course from a famous trader who said, "whenever you see a picture of a sack of sugar on the cover of Time magazine it is time to get out of sugar." You are now seeing the "falling dollar" on the cover of too many popular media. Combine this with the near bottom on the Swiss and you know it's over. Now, suppose it isn't over? That will be a serious problem, but only if we drop through those 96 lows. One of the best economic writers in the country, James Flannigan whose pieces appear in the LA Times, has a terrific analysis HERE. Read it before Dec 27th or you'll have to pay for it.

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