Well Jim Rogers is bearish, this has been a great indicator for timing the bottom of the dollar. He is now bearish on global equities including China.
We are extremely overbought here. The Rydex traders are making bearish bets and the dumb money is 54% confident in the rally. Insider selling reached an extremely high reading last week. Also we have bearish news from Australia and China, with Australia looking to raise interest rates and China raising reserve requirements.
All in all I am bearish and about 50% short through VXX. Will look to time BGZ and EDZ this week.
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