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Anyone else recall MA pounding his fist on the table back in November exclaiming “The US Dollar bears are just flat out wrong!”? That hubris-filled statement pretty much nailed the top in the USD which has now retreated 6%. The structure looks ominous here and a neckline break could portend a fall to 87.
Yes…I agree. Once that flag breaks down going to be fireworks
THis chart is from yesterday, are we not down through the bottom rail of the flag and testing the giant neckline?
Yes I do Recall that call
He has scared many out of their positions.
BAD !
I have some H&S targets for currencies I’ve just posted.
Yes, convinced himself the dollar would continue it’s run,( go long), that gold and silver would not bottom on his BM in Dec due to his price not being met (but time was and is more important), and would possible bottom in the next BM in April, which did not happen either. Not only did most followers miss the bottom, they also shorted. Not a happy picture in that camp for sure.
So let’s see what happens next and if he can present more clarity and accuracy.
I have to admit that reading Armstrong’s blog has done nothing but mess with my head. Just don’t even go there.