Tuesday, October 14, 2014

That really does look like a top in USD

US dollar:

It was such a big move that it should probably be about done. And until a higher top is printed, all we've seen is lower tops over the past few weeks.

If you think the recent market mayhem was caused by the big move in the US dollar, that means the market mayhem should peter out soon.

Then again, HYG's chart still sucks. And everyone wants a 10-20% correction, judging by how often the bloggers have demanded the US market give them one. So maybe this has to follow through to give everyone what they want and more?

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