Loading ...REBUTAL TO NORTHSTAR’S US DOLLAR ANALYSIS
I have watched part of the Video ….which shows an imminent crash in the Dollar Index
here are my remarks
1..Fundamentally If the US Dollar Index Crashes ..then by definition the Euro has to soar.
So wtf ? Inflation in the USA and Deflation in Europe ? Money Flowing from the USA to Europe ?
Explain that while there is a war in Europe !
………………………
2…Northstar shows a Rising wedge pattern in the dollar which is butting up against his Famous “Dome”
He clams a Rising wedge is always Bearish…No it is NOT …a rising wedge falling wedge or any pattern is either Bullish OR bearish..it depends on which way it breaks out
Rambus has a post explaining “Wedges” facts and Fictions ”
I am biased BUT Nonetheless I know these Two’s work intimately
Northstar is an Technical Analyst ( who cut his teeth here at Goldtent)
Rambus is a Technical Wizard …who “rewrote” / “refined” The Book !
https://rambus1.com/2021/01/06/fullys-timeless-tutorials/
………………
3…Northstar’s Long term chart shows a breakout from a Multi decade Down trend …but then he goes on to negate the breakout because there was not a full backtest and the breakout has stalled with a rectangle pattern. This is Pure BUNK IMO .
The breakout has paused and has entered a consolidation pattern…whichever way it breaks from the pattern is the trend…and ~~75% of patterns are continuations.
Short term breakout with todays price marked x in the red circle
Long Term Chart . BTW Northstar says it makes sense to use linear scale for a Long term chart. I disagree…LOG charts show % moves and that is far more constructive and revealing than linear charts over long time frames
All in all..The Dollar has broken out on the Daily Chart AND on the Long term Monthly it is still in the consolidation pattern …with NO sign of an Imminent Crash
Whichever way this pattern breaks will be the new impulse move..odds favor UP as the pattern started with an uptrend.
So thats what I Think
What do YOU think
PS I also think Climate Change and Attempted Climate Control is BULLSHIT…just like Covid Control was.
Same thing…. Trillions of Dollars and Euro Wasted on trying to Control Mother Nature !
While you’re at it can you work on making it warmer up here…we are freezing our asses off .
agrre sir Fully, wedges can continue into bullish continuations. He keeps moving his bowl to fit his narrative, He is a scientist ya know,
I was scratching my head while watching his video, wondering WTF?
I think he was making stuff up as he went along. Hoping and wishing and making stuff up is not a strategy.
And the climate will continue to do what it has done for billions of years on this planet – change from tropical polar latitudes to Snowball Earth, and back again.
Lol, I was chuckling too when he made his stink about the climate. I read Armstrong’s explanation and have never read anything better. Seems to reason that the Sun’s cycle represents the MASTER cycle when it comes to global warming. No light, no heat. With the Sun moving into a solar minimum, Armstrong claims the concern is global cooling. I don’t know how you rebut that except by covering your ears and screaming, ‘na na na na na’! Childish, but a lot of people are doing it, he he.
Isn’t he the guy who left in a huff because we wouldn’t all go along with the “Global Warming”, er, umm, “Climate Change” myth ???
Fully, I completely agree with your $USD analysis with charts to support your position. I was a subscriber of his site for 4 months. I canceled my subscription today, before I saw your post, just by chance. He provided some good technical analysis at times, but he IS NOT Rambus. There is a reason I’ve stayed with Rambus at least 8 years. He provides calm analysis based on well studied charts and uses his experience and knowledge to get it as right as is humanly possible.
As far as “climate change”: fools like AOC who state we have 12 years left to do something or it’s the end of planet earth, or Greta, who is emotionally warped and too immature to be taken seriously, I say: step aside and keep quiet. As you stated, the politics are nearly identical to the Covid farce. Therefore, the climate catastrophe cabal have zero credibility in my estimation.
Thanks Sir I…8 years that is great .
I have been fortunate be a Rambus Chartology student for about 15 years now
I will never graduate though
🙂
Hey, Fully, I can’t say I posted Northstar’s video to intentionally stir the pot, but I’ll admit to wondering what your response might be. Your take on the dollar is right on.
You are a Shit Disturber Balloonman
Always were always will be
🙂
Just checking your pulse – you’re alive!