C – O – N – F -I – DENCE

October 23rd, 2009 Posted in Uncategorized

With a C and an O and an N and an F and I and a Dence. Put them all together and what you got... Confidence. Remember the tortoise and the hare, that had the famous race. The speed hair ended nowhere and slow poke to 1st place, because he had confidence. The Dollar right now needs confidence. What kind of confidence. Job Creation. That should be the number one goal of our Administration right now. Not more unemployment benefits, not health care, not road repairs. That's the stuff in good times. We are in crisis mood. Tax and spend never worked. Taxing the rich never worked. Its time for the right policies to restore confidence in the dollar. Our leaders are bickering over fruitless items that are not on the priority list. A lot of things happen when our dollar depreciates. Commodity prices start to rise, which means we pay more for Oil, Gas, Food. This is only creating more problems. A stronger Dollar is in the best interest for the world.

I believe that this is going to happen soon. Why? Because I have Confidence in America. Call me crazy, but I think it is time to start to buy American. I'm looking at buying at the money calls options in the Dollar Index in March for a little test on this dollar and maybe build a position for a trend to the upside. We'll see how this test goes. My belief is for the policy to change in favor of the US Dollar. It might not be the right time but when the Dollar does turn it ill be fast. We can always get out of these options take a small loss and live to trade another day. Sitting on my hands is not how I want to trade. Lets grab the bull by the horns and shake him and wake him up and keep the bear at bay.



Dave Heltmach
Manduca Trading LLC