Power Shares US Dollar Index Bullish (UUP)

[discoduc555]

This is the prettiest chart I've seen in a long, long time:

http://stockcharts.com/h-sc/ui?s=TLT&p=D&b=5&g=0&id=p41084116301

Just look at those moving averages. Gorgeous!

I don't know much about bonds, but I have been watching the big boys pile into them for almost 2 months now.

Dollar did great today. I expect more tomorrow.

Why anybody would hold the Euro right now is beyond me. I'm of the view that Germany NEEDS it to fall for the sake of the debtor countries (I refuse to refer to them as PIIGS).

And I don't think its lost on Banana Ben that he could use a nice Dollar rally to curb all of the "asset bubbles" that he has created. It's also a nice set-up for the next batch of QE that everyone is all hot for.

China too has a vested interest in a higher Dollar, as they are the ones bearing the brunt of inflated commodity prices.

To top it all off, I have this *sneaking* suspicion that our friends over in Tel Aviv are up to *something* viz a viz Europe.

I firmly believe that if the $USD goes much below 72, there will be riots in the streets. This circus in Europe seems like a "politically correct" way to bring about a rally in the greenback without necessarily having to raise rates.

The only thing I know is that the people in charge are walking a very fine line right now, and they very well could lose control at any minute. I am staying away from equity until August at the earliest.