Sentiment Indicator says Sell??

Discussion in 'Forex' started by usdBull, Jul 24, 2006.

  1. usdBull


    It's time to buy the old gal. She is heading for a multi year run upwards.

    Straight from Bloomberg....

    Traders, strategists and investors are the most bearish on the dollar in the history of a Bloomberg survey, with 74 percent advising selling the dollar against the euro this week. Fifty- nine percent of the 47 surveyed on July 21 from Sydney to New York said to sell the U.S. currency versus the yen.
  2. usdBull


    I got this nice little book in the mail the other day. Maybe some of you did too. It is titled, "7 Unstoppable Financial Trends That Can Make You Rich in 2006 & 2007" and it was sent to me by the Oxford Club. Here's the title of the first chapter... "The U.S. Dollar's on the verge of another big to play it big"

    You guessed it....gloom, dispair and agony on me.

  3. chafro


    we all know its going to happen, but we been waiting for this for a couple of years!!!!
  4. usdBull


    I have had to use a 5000 point stop. I know it will turn one day:p
  5. bl33p


    Venture capital investment is at its highest level in four years.
  6. usdBull


    Once again......the US is dying right? ....

    14:04 US ECON: Consumer Confidence Surprises W/ Rise to 106.5] Boston, July 25.
    The Conference Board's Index of Consumer Confidence rose to 106.5 in July
    following a revised 105.4 reading in June (prev 105.7). The result compared to
    expectations for a drop to 104.5. Both the present situation and expectations
    indexes inched up which comes as a surprise given high gas prices and a volatile
    stock market.

  7. usdBull


    Keep selling those dollars, we are not quite there yet.....

    [12:33 US ECON: Durables Goods Ordrs Jumped 3.1% in Jun; Ex-Trans +1%] Boston,
    July 27. Durable goods orders rose 3.1% in June, above the 2.1% consensus call
    and IFR"s own 3.0% forecast. May orders meanwhile were revised higher to note a
    0.3% rise vs. the 0.3% decline earlier reported.

  8. usdBull


    I know.....the Chicago PMI was above expectations because of all the buying of Euro FX contracts on the Chicago Mercantile Exchange. That's it. Can't be anything else. Let's dig in and find some core data that we can run down the US econmomy on.



    PS - ALERT******Possible Long Liquidations

    [14:01 US ECON: Chicago PMI Posts at 57.9, Prices Moderate] Boston, July 31.
    The Chicago-area business barometer rose to 57.9 in July from 56.5 in June. The
    IFR median was 56.3. The prices index moderated from an 18-year high but
    remains elevated at 86.8 versus 89.0. Employment growth in manufacturing should
    be flat in July as that index posted at 50.5 this month compared to 50.4 last
    month. New orders and production were stronger but inventories and the backlog
    of orders contracted.
    The rise in the July business index follows a five-point slide in June to a
    4-month low. The index averaged 60.4 in 2005 and 58.2 in the first six months
    of 2006 so the latest reading, while higher than expected, is hardly indicative
    of a robust manufacturing base.
    The inventories index retreated nearly six points and now stands at a 28-
    month low.
  9. usdBull


    Geez....more bad data today. How we my long dollar positions ever survive.

  10. usdBull


    Whew!! My stomach is a little whoozy. :p

    It was hard to see but there was strength in the dollar on that roller coaster. Especially against the Yen. I have it holding a key (translated catalyst for extended up move) level.

    Hope you guys made some money.

    #10     Aug 8, 2006