From Gold Scents:

It has been my theory that this year, we would see one of the worst performances by the stock market since 2008. However, that has always been dependent on Bernanke not being able to break the dollar's rally out of its three year cycle low.

As of this morning, the dollar has printed a failed daily cycle. More often than not, a failed daily cycle is an indication that an intermediate degree decline has begun.

... I have begged and pleaded with people not too short the stock market over the last several weeks. For one, it's very hard to make money on the short side for the simple reason that markets move down differently than they move up.

Now I'm going to give you another reason not to short the stock market...

Read full article (with charts)...

More on the U.S. dollar:

A huge rally could be starting where you least expect it

Developing pattern could be terrible news for the U.S. dollar

Shocking gold story suggests the "End of America" has begun