That does not mean the trend won’t continue or even accelerate before it ends.
In the meantime, calling Tops and Bottoms is just not that important. A good article here from Michael Kahn on the US dollar trend is worth a read .
The way the dollar acts seems climactic in nature and that is why I am fearing a market event. Too many recent breakouts in my portfolio have reversed fast and turned negative – SINA, NDAQ, CSTR, BBBB and many all-time highs I never added. I don’t have a complicated system of stock selection or money management, but the vicious price action speaks loudly. It has my full attention.
I am building a list in case this week gets messy. You should too.