9.2 C
New York
Thursday, March 28, 2024

The Great Escape, Part 2: New Update

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The analysis and recommendations presented here do not necessarily represent those of Advisor Perspectives.


We witnessed a Great Escape from equities in 2008 when the dollar broke out and the CRX broke down. We have a near clone situation on our hands right now in the Dollar and CRX. I saw the first inklings of a second Great Escape this past spring, which occasioned my May 5th commentary (with a hat tip to Steve McQueen). And I shared an update in Great Escape II on September 9th.

 

 

If Great Escape 2 is to take place and begin accelerating, this is where it could all start.

Frankly, to put it bluntly, this chart gives me the creeps because of the striking similarity between GE1 and the pattern that appears to be taking shape. As always, time will tell. But forewarned is forearmed.

 

(c) Kimble Charting Solutions
blog.kimblechartingsolutions.com

 

 

 

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,451FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x