Buzz & Banter
As of Noon sell signals are outnumbering buy signals 53-5. Meanwhile, the market has staggered back into the green.
The Dec. dollar added another X to its point and figure chart this morning in early trading, but as Toddo pointed out it has since reversed course and near testing the June low of 93.20.
But hey, why worry about a falling dollar? After all, so long as the decline in the dollar remains, ahem, "orderly", a weaker dollar is really a positive for the economy, no?
Ok, but what would a "disorderly" decline for the dollar look like? Apparently, I am told, not like this chart below, which shows how the December contract (through Sep. 26) has, in very "orderly" fashion, plummeted from 99.80 to below 93.50 in less than a month.
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