SG,
No, sir, I don't believe I know the proper source to attribute that proferred visual. However, I do believe it is a Trade Station S/W generated chart if memory serves me as to what product TS's output looks like and TS's annotation iconic tool bar selections. I'd like to shake the hand of the originator/chartist/technician.
I think it is incredibly valuable as a reference point for any serious investor re: the direction, purpose, length of, etc., US$ direction and duration of same discussion.
It forms one of my triangulation points from the "3-legged milkstool" upon which I perch and observe the flow of seined data presented by others more knowledgeable than me.
I took it into Paintbrush, custom-zoomed it (800x), and put in Oct 20th's reference point.
That being said, I know that history confirms the 165-ish level of the USDX at the Plaza Accord G-5 meeting and is accurate according to my search of the records.
The Forecast / Target zone is Jim Sinclair's prognostication. However, my rough measurement of the breaking of the Head&Shoulders formation on the chart, is less gloomy than my less precise measurement of downside objective. I devine a measured objective in the mid-40s before $ is propped up again. That will indicate, acc'd to Sinclair, that the triple credit imbalances of the US Economy are corrected and it's time to rebuild for the next long trend toward a stronger currency.
Did this dataset startle you in its pictorial presentation?
G_T |
