Today, I have a very good reason to revise my USD count.
One of my favorite blogger, Charles Hugh Smith, posted this chart of the USD Index going back to 1980's.
It completely changes the count, as it is pretty clear the all time top in the USD was in 1985, and the current sideways movement is a fourth wave triangle.
In previous posts, I labeled 2000 as the all time top in the USD. It is pretty clear now, it was the P2 top.
You decide for yourself what the USD count is!
This is my previous post on the USD count.
No comments:
Post a Comment