Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (44833)	11/28/1999 11:14:00 PM
From: NickSE	Read Replies (2) of 94695

Thanks for the chart and interesting thoughts on the CRB. Here's what the CRB futures chart looks like: commoditiesfutures.com It's not quite running away yet, but I'd rather be aboard the train when it leaves the station instead of having to chase it on the run..... FWIW, I've taken a closer look at it, P&F style, and it appears that it may have bottomed and is close to a reversal. If the CRB, which has been in a downtrend since May 1997, penetrates 210, it would generate a P&F triple top buy signal. That combined with the fact the buy signal would be penetrating through its bearish resistance line, which also happens to be at the same level, can usually be considered a reliable signal that a reversal has taken place. IMO, definitely worth keeping a close eye on. Regards

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