Everyone Loves the Euro ( 93%) right now.

Be a Contrarian and SELL that EuroTrash!

Its Time to BUY American Cash ;-)

Here is a great chart from The Elliot Wave Theorist. (One of the high quality services I subscribe to provide Intel for asset allocation decisions in the Fibonacci Financial War Room).

eur-usd-5-29-2009

Go ahead be a Nerd and ignore the Herd!

Traders are more  Bullish (93%) on the Euro now than they were at the all time EUR/USD high last year (91% then)!

So What Does the COT Smart Money Say?

The Commitment of Traders (COT) reports out on Friday indicated that the commercials (insiders) are continuing to buy the dollar as it declines here.  Ergo the smart money says the dollar is a great buy here.

The odds are that the US Dollar entered a multi-year bull market last fall according to COT guru at Bullish Review Steve Briese (another valuable source of Intel for the Fibonacci Financial asset allocation model).  And what do you do early in a bull market?  – YOU BUY THE DIPS!

usd-may-29-2009

There are a wide variety of ways to participate in this opportunity ranging from the very conservative to the highly speculative.

BUT you need active guidance – Contact Us at Fibonacci Financial.

Do not get the idea that you can trade or make investment decisions from my blog entries.  These are an introduction to my services and do not constitute investment advice.

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