Governments also cut jobs last month as they struggled to balance budgets amid weak revenue and declining stimulus dollars.

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Weekly on-balance volume (OBV) has just moved above its declining weighted moving average (WMA) and has initial support at line d.

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The largest swath of them, the baby boomers, even if their balance sheets are in good shape, are on a path of declining consumption.

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The on-balance volume (OBV) violated its uptrend on September 26, and has since stayed below its declining WMA, which is a sign of weakness.

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