The March Dollar Index is down 32 ticks at 76.31 this morning as I write.  The included chart shows that the March Dollar index is attempting to have a short covering rally.  The March Dollar Index has recently closed over the 40 day exponential moving average and the long down trend line that began back in May.  These new events along with the crossing of the directional movement indicators to the bull side prompted me to buy the March Dollar yesterday at 76.585.  For now, we are using a protective stop on this trade at 75.79 GTC, which is just under the last two days price lows.  I want to see immediate follow through to the upside over the next day or so, otherwise I will either liquidate this trade or write a call option to bring in some income.  The dollar gives the appearance that it is about to have a much needed short covering rally correction.  We shall wait and see.  Stay tuned.

 Followers of this letter should be long one March Dollar Index futures contract from 76.585, and be using a protective stop at 75.79 GTC.

 David Hall

 The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options can be substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.

 This newsletter is not intended for dissemination to the public without prior approval from David Hall.