They then provide this little gem of a chart as a textbook example of a blow off top.
The resemblance to the US Dollar chart above is literally uncanny.
Once a stock (commodity, currency, ...whatever) enters the parabolic phase, there's really no telling how high it will go or how long it will last. Given that, I'm not even going to try and make a prediction on the dollar. It might keep going for another week or another year - nobody knows. What I do know, however, is that parabolic moves end in parabolic disasters.
I can't let today pass by without a comment on the dollar. This is going to crazy town and bad things are going to start happening. Below is a weekly chart of the US Dollar - otherwise known as the world's reserve currency. Does this look healthy?
These parabolic-shaped chart patterns are HUGELY unstable. Parabolic patterns, often called "blow off tops," very often end in equal but opposite fashions. Investopedia explains that a blow off top is "a chart pattern that indicates a steep and rapid increase in a security's price and trading volume followed by a steep and rapid drop in price and volume. The rapid changes indicated by a blow-off top, also called a blow-off move or exhaustion move, can be the result of actual news or pure speculation."