September 9, 2014
CLIFF NOTES: the mirror image foldback that we have been following has, for all intensive purposes, completed the move up. Expect some dollar weakness and, believe it or not, the entire leg down noted by the red arrow to the left of the chart could be a possibility. the key point – when mirror image foldbacks fail, they usually fail at the key inflection points so watch the current levels on the USD and the levels on the Pound, Euro, Swissy, Loonie, Chief, etc. for signs of dollar weakness.
as a side note, I’ve added a long term chart of the US Dollar that began the entire dollar strength run back in 2011 …it’s a beauty.
May 08, 2014
CLIFF NOTES: I thought I had posted this once before .. the POTENTIAL mirror image foldback on the US DOLLAR. I have gone thru my charts and I can’t find it but I know I sent it to Larry P so … here it is. Also, go back and look at the UUP (Dollar ETF) chart that we looked at for the .886 retrace and “one last hope.” Well, today’s action was pretty impressive …is the dollar bull thesis still alive? Shoot, I don’t know so I sit on my hands, STILL. Keep an eye out on the dollar … perhaps it set a low?
the other thing that is interesting is the FRACTAL pattern that appears to be working itself out on a longer term chart …