Yes it is that time of year to harvest the fall corn crop, yet that isn’t what I was referring too! See chart below.
Sticking with the theme…”Trade the Range and Harvest against resistance” … Harvest the grain ETF (DBA ) as it hits the top of its trading range.
Should a breakout take place in DBA, breaks resistance and the top of the range, become a buyer with the top of the range as your new stop.
According to Calculated Risk, the fed won’t likely be announcing plans for QE2 until its November (2?) mtg. The fall in the dollar is way a head of this.
Robert Prechter was on CNBC two days ago…he mentioned this number, based upon Trade-futures.com’s recent release.
How are you determining that there are “only 5% dollar bulls”?
Dollar did look to have created a sHs and broke the neckline, that appears to be a good reason it has fallen so much.
Long-term support and only 5% dollar bulls must be respected for a while.
Hi, thanks for the post
Do you consider sHs on USD has already formed?