One reason I still think we go to at least $1000 is that we still haven't seen any real washout. We had the brief crash in 2013 but ever since we have just been consolidating and the stubborn bulls have survived. Is this really how this bear market could end? Maybe, but it doesn't seem likely to me.

And from a chart perspective this move down really just looks incomplete. Something is missing, the second crash that completes all of this.

And regarding the Dollar, the thing just blew straight up since mid last year and after such strength that should have been it and we just move the same way back down? Makes no sense, especially because most people have already called the top. The suffering is not done for the Euro either, that would just be too good to be true. So I will go with Armstrong's theory and say that we start to move back towards parity (beyond 100 in the Dollar) in the next few weeks. It's actually good we have dropped so much in such a short time (from 100 to 93 in just 4 weeks), so we can hopefully move on towards our targets in short order.