THE DOLLAR INDEX WEEKLY RANGE , WHAT I KNOW THAT THE CREATION OF INDEX BEGAN IN 1973 AT 100, SO WE HAVE MORE THAN A PROBABILITY ,ONE OF THEM : THAT THE INDEX SINCE INCEITION UNTIL NOW IN A CORRECTIVE PATTERN A-B-C, SO THE UPSIDE MOVE FROM BEGINNING AT 100 TO ALL TIME HIGH AT 163.83 IS A CYCLE WAVE A , THEN THE INDEX PLUNGED TO 71.58 IN 2008 AS A ZIGZAG PATTERN, , IT WAS A CYCLE WAVE B , REACHING LOW 71.58 IS WHAT HAS PROMPTED ME TO ADOPT THIS SCENRIO ESSPCIALLY THIS WAVE BREAKOUT DOWNWARD THE BEGINNNING OF INDEX AT 100 , SINCE 2008 DOLLAR IN A BULL MAREKET , , THREE WAVES HAS FINSHED OF FIVE, IT MEANS A CYCLE WAVE C , NOW PRIMARY WAVE FOUR IN PROGRESS , MAYBE ABOUT TO FINSH THE FIRST LEG OF ZIGZAG ON INTERMEDIATE DGREE , I DO THINK THAT PRIMARY WAVE 4 DOWNSIDE TARGET 84.20 , THE ENTIRE CORRECTIVE PATTERN EITHER RUNNING FLAT OR EXPANDING FLAT
THE SECOND PROBABILITIY, THAT THE DOLLAR INDEX HAS FINSHED TWO CYLE WAVES , THE FIRST AT ALL TIME HIGH AT 163.83 AND THE SECOND AT ALL TIME LOW AT 71.58 , THE DOLLAR BEFORE FLOATINF WAS FIXED AT $35/ BOUNCE OF GOLD ,IT HAD BEEN THAT WAY SINCE 1944 BRETTON WOODS AGREEMENT , I DO THINK IN SUCH CASES , WE CAN CONSIDER THAT $35 IS THE LOWEST LOW , ACCORDINGLY , THIS PROBABILITY BECOMES VALID , SOTHE INDEX IS CURRENTLY IN CYCLE WAVE THREE, WHICH MEANS RALLY HAVE MUCH, , MUCH TO GO
IN THIS CASE, WE NEED JUST MODIFYING WAVES‘S DGREE FROM LOW 71.58 TO BECOME INTERMEDIATE INSTEAD OF PRIMARY
