US Dollar Index Bottom Reversal

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See the chart above for the notes. It appears the US Dollar has made a significant bottom. The should co-incide with the end to the current bull market in commodities. Stocks should see pressure too, but I'm not confident to what degree.

I am targeting the Nov 2010 lows in cotton and silver as an exit level for those trades assuming the markets continue down. From all precedents I think the decline will be relatively steady and sharp. I don't expect a major secondary rally to a lower top on these.