We briefly entertained the notion that the Dollar Index, for whatever arcane reason, might be bottoming at 74.48, a crystal-clear Hidden Pivot support. Alas, the support has crumpled after a not-very-impressive rally, proving that garbage is garbage and notwithstanding whatever byzantine theories have been employed to suggest that the dollar was due to strengthen. That said, this flotsam will have a chance to turn from 73.51, a major Hidden Pivot that appears all but guaranteed to produce some sort of bounce. Currency traders take heed — and of course avoid long positions in other than dollars if and when the target is reached. One final note: A lesser Hidden Pivot at 73.82 could produce a bounce .
