The previous tout suggested the dollar could range-trade for a long time between 100 and 110.  However, if it merely pushes above the 107.99 ‘external’ peak shown in the chart, that would command our attention and respect. It would also be something to fear, since a resurgent dollar would put the global economy back on a path to the deflationary bust I’ve predicted for many years. A rally piercing the 107.99 resistance would be all but certain to hit p=109.66, providing a test of the most important resistance the Dollar Index has faced in years.