Post by jeffolie on Sept 8, 2013 7:56:41 GMT -6
the Dollar just before my Danger Zone, crisis coming
Charts and technical tools become less important than significant political events triggering changes ... POLITICS MATTERS overwhelms charts, technical tools creating new patterns, trends
The below chart shows the lines of a converging 2 different trends:
1. 2.5 yr uptrend
2. 13 yr downtrend
The Dollar chart is relativistic:
... the index compares the trading of the Dollar against a basket of currencies
my jeffolie view: features entering a Danger Zone in 2 weeks [Sept 23, 2013 into the Spring of 2014] which will end the status quo, gridlock followed by a upto 2 year long decline for America's politics and economy impacting the confidence in the Dollar negatively and creating a Crisis in the Dollar by 2016.
my jeffolie view: the fiat US Dollar appears mildly gaining compared to other fiat currencies while the most common American suffers in a 'regular depression' featuring declining median household income and higher everyday living expenses while their main assets such as savings accounts and home equity have significantly declined in the New Gilded Age featuring Type 1 rich consumers buying over 50% of houses for cash... the value of the dollar remains an insignificant issue for now but will become important as the US politics and economy slide into a Greater Depression starting by 2016...then most will be broke as confidence declines into a bottoming area ... the charts show that low confidence is associated with low dollar values relative to other fiat currencies
===========================================
blog.kimblechartingsolutions.com/wp-content/uploads/2013/09/kingdollartheendisnearsept5.jpg
The U.S. Dollar has been trapped inside of a multi-year pennant pattern, which continues to narrow, frustrating both bulls and bears, due to lack of movement or conviction.
The "End of the pattern is near!"
Power of the Pattern shared a few weeks ago King Dollar should rally due to this (see post here)
This pattern doesn't usually tip its hat on the outcome/direction of the next big move, yet it usually pays to follow the breakout/breakdown. With the U.S. Dollar being trapped so long...the "ending of this pattern" could send important messages per portfolio construction for the upcoming months!
blog.kimblechartingsolutions.com/
Charts and technical tools become less important than significant political events triggering changes ... POLITICS MATTERS overwhelms charts, technical tools creating new patterns, trends
The below chart shows the lines of a converging 2 different trends:
1. 2.5 yr uptrend
2. 13 yr downtrend
The Dollar chart is relativistic:
... the index compares the trading of the Dollar against a basket of currencies
my jeffolie view: features entering a Danger Zone in 2 weeks [Sept 23, 2013 into the Spring of 2014] which will end the status quo, gridlock followed by a upto 2 year long decline for America's politics and economy impacting the confidence in the Dollar negatively and creating a Crisis in the Dollar by 2016.
my jeffolie view: the fiat US Dollar appears mildly gaining compared to other fiat currencies while the most common American suffers in a 'regular depression' featuring declining median household income and higher everyday living expenses while their main assets such as savings accounts and home equity have significantly declined in the New Gilded Age featuring Type 1 rich consumers buying over 50% of houses for cash... the value of the dollar remains an insignificant issue for now but will become important as the US politics and economy slide into a Greater Depression starting by 2016...then most will be broke as confidence declines into a bottoming area ... the charts show that low confidence is associated with low dollar values relative to other fiat currencies
===========================================
blog.kimblechartingsolutions.com/wp-content/uploads/2013/09/kingdollartheendisnearsept5.jpg
The U.S. Dollar has been trapped inside of a multi-year pennant pattern, which continues to narrow, frustrating both bulls and bears, due to lack of movement or conviction.
The "End of the pattern is near!"
Power of the Pattern shared a few weeks ago King Dollar should rally due to this (see post here)
This pattern doesn't usually tip its hat on the outcome/direction of the next big move, yet it usually pays to follow the breakout/breakdown. With the U.S. Dollar being trapped so long...the "ending of this pattern" could send important messages per portfolio construction for the upcoming months!
blog.kimblechartingsolutions.com/