Loading ...Thank You Fully
I really love to have my ‘model’ challenged. It causes me to go back, re-examine and re-consider. In the case of the Dollar, it’s been my long held belief that we are now in the bear-phase after hitting the inverted bowl 3 times and dropping away from the recent bearish rising wedge somewhat rapidly. I could be wrong (of course), but the key is knowing WHEN to change your forecast. As Fully has pointed out, 93 is the magic number. He has a bullish scenario based on 93 holding. Here’s my bearish interpretation, based on 93 failing…
Interesting new twist NS.
On the fundamental side I am following Plunger’s work with the post bubble contraction
The Senior currency rises as the debt implodes.
There is a huge “synthetic” short on the dollar which unwinds as money that was borrowed in dollars is paid back
or defaults. If Commodities are going lower as the charts imply the dollar by definition is going higher.
That’s theory …but we watch the charts….for now it’s a dollar bull until it isn’t
It’s going to be fascinating. Watching 93…