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The price patterns are shockingly similar. Clearly, we have some massive speculative forces ruling the markets right now.

This is a short update as I wanted to explain a bit more about my trend following strategy.

The market is now nearly ready to return to some sense of rationality. It will be ugly, but sadly, it is inevitable.

Some of the current valuations also remind me of the dot-com bubble in 2000. Markets always seek balance, so parabolic rises are nearly always reversed quite dramatically.

The last time we had a divergence this pronounced was in 2000, right before the Nasdaq dropped 83% from its highs.

Today is a bit unusual since it has been one of the few days this year when the New York market has actually been pushing dollar yen lower.

In my last write-up, I wrote that I expected the dollar to likely come under a renewed attack once the recent corrective cycle was complete. My hunch is that the renewed attack is very imminent. I have sold dollar Swiss and dollar yen today, and I also sold a basket