iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

The Dollar Index Breaks Down to Key Support Level

Get your crayons out and draw a straight line across the middle of this chart. Notice the present level had represented support on 3 prior occasions?

Quick question: If the dollar hadn’t been this weak during 2017, where would oil be trading today? There’ s a theory out there that the weak dollar is the glue holding things together. Thank God for gigantic terrorist attacks in Europe, deterring me from wanting to travel to Europe. I will never, ever, visit Europe with my family. It has become an unpredictable cesspool of totalitarianism, deserving of a widespread popular revolt.

Markets have rebounded from this morning’s drop. But don’t get excited, since the utes are leading the way.

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8 comments

  1. sarcrilege

    Go to Czech Republic, very safe, … open season on moozlims:
    https://tinyurl.com/y8yrxjvp

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  2. duuude

    Herman Munster…”Utes ?”

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  3. bennyhill

    Fly is drawing trend lines on charts now? I hear the eclipse makes strange things happen.

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  4. it is showtime

    Markets rebounded
    You mean computers in the basement of Fed of Ny buttressed and upturned indexes?
    45-55% of the US population is deluded and indoctrinated by its agenda controlled media.
    When will financial linguistics cease to be under the same bullshit lazy dreadful fallacy?

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  5. stockslueth

    Well, some say there’s no such thing as a triple bottom. It’s telling us something.

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