“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Dollar Looks Heavily Oversold
The U.S. Dollar Index could get a lift from the oversold condition here. Notice the 2 1/2 year trendline from the lows before the meltdown panic in March 2008 started a rush to the supposed safety of the greenbuck.
