Loading ...UNCLE !
OK OK ..I am convinced Spock is RIGHT…the US Dollar is Toast
Waving the White Flag on my halfway pattern thesis
Here is the problem though
Gaps…damn gaps.
Yes this is an ETF that trade 9:30 to 4 on an instrument that trades all day
BUT gaps are gaps and there were many on the way up that have now been filled…What about the ones on the way down ?
Could this be why Gold and HUI are not euphoric right now…this and the fact that Surf City is expecting a yearly Cycle Low in the Dollar at any time .
No matter what though this drop in the dollar has been spectacular and was Predicted by Spock at the Miner matrix site.
Rambus on UUP ( for members)
maybe she swing back up , Euro hitting upper support line and may put the binders on
Sam’s EW count has much further to go, into the high 80s on DX by early next year.
He has us finishing a nested 3 of 3 shortly.
v of 3 down remains.
As does 4 up but then also 5 down to conclude the move.
Avi has us in a multi year correction as ABC.
I’m gathering the bearish counts are all reflecting catchup moves on QE starting to turn off abroad.
Meanwhile, bucky down will support risk on.
Wondering if it begins to impact inflation expectations here. And rates, in time.