.......The US Dollar Is Gonna FLYYYYYYYYYYY!

The US Dollar had another bullish session today, and, today's candle is even more bullish than Friday 3-7-08's, when a Cyclical Bear Market (since late 2005) cycle low might have occurred at 72.46, see http://stockcharts.com/charts/gallery.html?%24usd. Note Friday 3-7's large bullish inverse spike and today 3-11's even larger bullish inverse spike, and, note today's close much closer to the session cycle high than the session cycle low.

A 5% follow through (after breaking the Cyclical Bear Market downtrend line in effect since late 2005) major buy signal is required to confirm that the US Dollar has (very likely) entered a Cyclical Bull Market, but, Friday's/today's action (dramatic reversal and close near the session cycle high) and bullish candles make Friday 3-7-08 a good candidate for a Cyclical Bear Market cycle low.

In recent months the savvy non contrarian US Dollar Commercial Traders have been anticipating a Cyclical Bear Market cycle low, since they're now net long by over 11,000 futures and options contracts, see the last/sixth data at http://www.cftc.gov/dea/options/deanybtsof.htm.

Beware the noise of undisciplined, biased, and in some cases, corrupt minds.

....... http://www.JoeFRocks.com/ .