During July 2001 the U.S Dollar Index was trading at $121.02, since then it has dropped quite a bit. In March 2008 it hit rock bottom $70.70. Right now it is trading at $82.20. It is at a very important location geometrically and time/price wise. Based on the out look of the entire financial markets I am expecting the U.S. Dollar Index to rise to $88.
On March 1st I had decided to create an investment project for my CAOT32 class . The conditions were to start an account from $100,000.00 and take it to $1 Million until the end of the College semester. Exactly in 2 months the goal is achieved. Even though 3 weeks still remain to the set dead line.
The purpose behind this project was to shed some light to my class mates about the power of the Stock Market and the possibility of accumulating wealth through investing in the right stocks at the right time; Plus injecting the idea of “becoming a millionaire is easy”, into their subconscious mind. All you need to do is want it bad enough…
Please take a look at the pictures, they contain more details.