willynill

When Will the Dollar Snap-Back?

Daisuke Uno, at Japan's third largest bank said recently: "The dollar is now at wave 5 of the 40-year Elliott Wave Cycle. It will drop to 50 yen during the current wave, based on multiplying 92 (the low point during wave 1 that ended March 1973) by 0.764, a number in the Fibonacci sequence, and subtracting from the 123.17 level of 2nd quarter of 2007."