DXY – NYBOT Dollar Index (Last:91.94)

I’ve mentioned elsewhere on the home page today that if and when the dollar finally turns bullish, the bull market for stocks begun in 2009 will be over.  Bonds and bullion will be the place to be — but so will the dollar itself. Let’s speculate on this with a 90.92 bid for 400 shares, day order, no stop.  The bid lies four cents above the clear Hidden Pivot target at 90.88 shown in the chart. If the order goes in the black, plan on exiting half the position at 92.05. _______ UPDATE (Sep 11, 5:53 p.m. EDT): Since this vehicle doesn’t trade, we’ll look the next time to do our bottom-fishing in the futures contract (DXZ17 is currently  the active month).  For now do nothing further, since the dollar has rallied sharply from just above our Hidden Pivot target.