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Non-Tech : The Woodshed

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To: Cogito Ergo Sum who wrote (4807)	4/24/2004 5:39:53 PM
From: jimsioi	Read Replies (2) of 60919

Spotted Cat, interesting chart and points... Looks to me about the same....some rally here, prospectively off support in somewhat oversold condition, but if and when that should fizzle some downside risk, especially if the dollar holds in here... Talk about fragile, see the CRB here.. stockcharts.com CRB weekly, breaking down from 275..indicators in retreat... stockcharts.com[h,a]wacayyay[df][pb8!b40][vc60][iUb14!Ul14]&pref=G Watching Crude - $35.60 looks key, a break of which would lead pretty quickly to $34.80 and put considerable pressure on the CRB... stockcharts.com[h,a]dacayyay[pc50!c200][vc60][iUb14!Ll14]&pref=G Given the news coming out of IRAQ and the associated budget and geopolitical implications it's really hard to be cautious hard assets and natural resources...but that's how the charts have left me feeling....

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