A chat-room denizen just back from Martin Armstrong’s World Economic Conference in Princeton noted that Armstrong is projecting a collapse in the euro to around 0.80 US. This has been my target as well — for several years — and the chart shows one way it can be derived, using a monthly chart and some obvious Hidden Pivot coordinates. A plunge in 2016 to at least 0.9958 has already been signaled, but my hunch is that we will see yet another month or two of distribution within 2015’s range before the long-term bear market resumes in earnest.
