tag:blogger.com,1999:blog-2643613788950912206.post6949481010019312444..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: US Dollar on the Verge of FailureJohn Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2643613788950912206.post-59558813231287221842011-03-16T15:41:52.998-05:002011-03-16T15:41:52.998-05:00Hi Alesund - Yes, Gary and I are partners of the G...Hi Alesund - Yes, Gary and I are partners of the GoldScents website. I have listened and learned from Gary each and every day for about the past four years and I do indeed try to present some of his ideas from my point of view and understanding. <br /><br />I generally try to grasp some of his 'big picture' concepts, research an aspect of the concept that fascinates me, and then see if I can successfully communicate that in my own way to the reader. <br /><br />Thanks for both your question and compliment.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-74546442606271087272011-03-16T15:14:19.125-05:002011-03-16T15:14:19.125-05:00Hi John,
Do you and Gary (Toby?) share research? ...Hi John,<br /><br />Do you and Gary (Toby?) share research? Your posts seem to have the same flavor. Both of you are talking about the last C wave up in gold. Both discussing the imminent failure of the USD.<br /><br />Just curious. Thanks for the great blog!Alesundhttps://www.blogger.com/profile/15648417692146633443noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-61220991073329485362011-03-16T07:48:30.134-05:002011-03-16T07:48:30.134-05:00Dave - the best number to focus on is 76.12 If/wh...Dave - the best number to focus on is 76.12 If/when the US Dollar trades below 76.12, the currently left translated bearish cycle adds to its definition a "failed" daily cycle - in that 76.12 was the low of this cycle's beginning on March 7. <br /><br />Next comes the low of the annual cycle established on Nov. 4,2010 at 75.63. <br /><br />Next comes the annual cycle low established on Nov. 27, 2009 at 74.23. <br /><br />Next comes the previous 3 year cycle low established on March 17, 2008 at 70.70<br /><br />You can see that there is a lot of room to fall if/when the panic sets in.<br /><br />Monty - the market should have been rallying the dollar all day yesterday, what with all the uncertainty of a nuclear explosion and all. Instead, the market sold the dollar all day - taking it down to the edge of the abyss. I take this to be a rather clear signal that the dollar is in deep trouble.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-56323760224635194342011-03-15T20:48:22.035-05:002011-03-15T20:48:22.035-05:00john,
do you think what's going on in Jap...john,<br /> do you think what's going on in Japan will keep the dollar above water?? The flight to safety thing?? It Bothers me.Montyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-37634001208804476032011-03-15T19:58:24.734-05:002011-03-15T19:58:24.734-05:00Thanks for the larger picture view, guidance is ap...Thanks for the larger picture view, guidance is appreciated with all this whipsawing!<br /><br />A small question, you recently commented on a post advising that you would add to positions on a swing high on the dollar index. Would yesterday(14) or today's(15) action count as that happening? What price would produce a swing high?Davenoreply@blogger.com