Loading ...USD
This chart as posted in May of 2016, as you all know by now price made a new high and then revisited the trend from the ’85 high. I couldn’t go back any further in stock charts at the time so I had to pull price and time of point 1 from historical charts. When talking about Wolfe waves it should be mentioned that the larger wave is the dominant wave and in classic form the trend from point 2 to point 4 has held back test from above.
Welcome Back Randy
That’s a real Wolf at the Door
Talk about Conflicting Wolves
🙂
Gold will be good to go at the end of 2019.
Is it possible to use the same methodology and apply it to a gold chart and a commodity index chart? It would be interesting to see if they confirm your dollar plot. Thank you.
good work Sir R . Moving avgs starting to pinch tight also.
Escondido copper miners may strike soon again. Strike from before ended as their contract extended 18 months and now the dance continues..
In your chart, I believe we are at an equivalent point to mid-2002 In other words, the dollar is about to fall hard.
Could be, but key word “believe”, no one really knows. USD is due a correction but that long term trend line needs to be kept in mind, game is still on. Draghi is backed into a corner, could USD and gold rise together? of course.
Quite right. I’m careful not to say anything with 100% certainty. Predicting the future is about weighing up the evidence and calculating probabilities. It’s how we forecast the weather- a lot of it is about accurately assessing the initial conditions. Only then can you apply some maths and science to produce all possible future outcomes and assign a probability to each – numerical and ensemble forecasting.
Brilliant
How’s the weather in Great Britain this summer ?
🙂
Thank you. Beautiful…
Great chart Randy…