US Dollar, NASDAQ Trends
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A look at the latest moves and what’s ahead
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Ross Clark
Is an investment advisor with CIBC Wood Gundy in Vancouver, Canada. He has specialized in technical analysis of the markets since the 1970’s. As a charter member of CompuTrac and then user of TradeStation he has developed trading programs and proprietary indicators. It is his belief that market timing and shifts in asset allocation can add value to investment portfolios.
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The best analysis as always but you missed to opportunity to explain gold and HUI charts.
For Gawd’s sakes Ross…
How many times – How Many Times, have we heard over the past (3) years from ‘cycle-chartists’, how the $DX is set to blast into the 90′s, only to see it sputter & putter because it can’t do anything else in the face of planned and coordinated $currency debasement in order to protect trade…?
If one wanted to ‘chart’ a ‘cycle’ and do it with Deadly accuracy, it would be to chart how many times – at least 2 – 3 times/year, that professional ‘chartists’ have been proven to be so deadly OFF in their predictions of imminent (or otherwise) $DX appreciation – I know, it’s right around the corner!!!
Gawd…
(HUI charts ?) , I think not by accident..
Actually, better put would be like this: Knowing what we know about current-state economics and the underlying fundamental factors that drive them – since about early 2008, what do you think would happen on a broad-scale economic basis – in the middle of a re-election campaign no less, if the $DX index rose to 90…?
Answer: Nothing, because it ain’t gonna happen… The Fed chairman – who is not coincidentally very friendly to the current U.S. administration, is not about to let an event that would drive the $DX into the 90′s happen. It’s just a simple as that. And in the unlikely event that for whatever reason the $DX Did happen to rise to 90, it would be _Very_ short-lived. We no longer have a ‘strong dollar’ policy, because a strong dollar policy represents the inverse of the type of economy we have had for the past 25 years, at least.
Strong dollar policy today, does not comport with Consumption, Debt-based economics and Easy Credit. The two are incompatible.