will it stop at 78 ? drop to 72 ? break thru 71 ? or do you think it's going to the moon ? for the last 4 years the price formation's been a puzzle to me, did it form a Major base between 08 and 11 ? or was it a correction, and it's now - having made one leg down and a correction, on its next descent THE major problem for the US is . . . DEBT currently the US National Debt is $15.6 Trillion with a Debt to GDP ratio of 103+% and the 'US Total Debt' calculated as $57+ Trillion - - - http://www.usdebtclock.org/ and in addtion, on the bottom line of the US Debt Clock page . . . 'Liabilities' . . . with the 'Total Unfunded Liabilities' currently at a remarkable $118+ Trillion is there such a thing as a 'debt iceberg' waiting to sink the SS USA ? at the end of WWII the US debt topped out at 120% to GDP so there's still some way to go in order to set a new record - see - 'National Debt Graph by President': http://zfacts.com/p/318.html and 'Voodoo Economics' or, 'supply-side economics': http://zfacts.com/node/106 with the Euro debt stabalized ???, is the euro on a major rally to eventual new highs along with other currencies ? if in the next election Obama loses, will the new Republican President be the iceberg that appears 'out of nowhere', or will Republican policies save the day ?
The dollar index is a joke. It will go up if other countries start printing faster than us and down if we keep printing faster than them. Its a race to the bottom. We are all trying to outprint each other.