The September Dollar index is down 17.5 ticks at 78.93 this morning as I write. On Friday, I put out a special report to buy the dollar. I did it by buying the September Dollar (79.00 strike) call option at 100 ticks or $1000. I recommended this purchase because the red and green directional lines have begun to converge towards a buy signal, and more importantly, the purple ADX line began to roll over from a high level which more times than not leads towards at least a temporary trend change and sometimes major trend changes. Now that the dollar is a little lower today, I continue to recommend buying the dollar for those of you who haven’t already.
Aug. 10, 2009
David Hall
