It is simple really, America and indeed a functional global economy are all done unless this mess finds support at the 62% fib of the entire previous bull from 1981. We will not come back from a significant further decline.I think we will rally soon and I think we will rally hard. Not coincidentally, it should be in tandem with Scenario #2's coming top and hard decline in Uncle Buck.
Any market rally however, no matter how strong and how convincing, is a deep bear market one.
Scenario #1 is cooked. That is because #1 was very bullish for the dollar as long as it remained in the ascending triangle and declined for a reaction low near the daily SMA 200. That is all negated. Scenario #3 would simply be that Scenario #2 is wrong and the dollar will not top out as projected. The overwhelming odds however argue there will be no such thing as scenario #3.
