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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Ken98 who wrote (79965)12/16/1999 6:50:00 PM
From: NickSE  Read Replies (1) of 86076
 
P&F sayz, CRB breaks 210 intraday and we reverse the downtrend which begin May 1997.
finance.yahoo.com^CRB&d=1d

TECHNICAL POINTS TO WATCH IN THE BRIDGE/CRB INDEX (CRB)
news.bridge.com

254.79 -- May 29, 1997, high; highest since May 1996
240.00 -- support/resistance swing line
220.00 -- major support/resistance swing line on charts dating back to
January 1991
218.44 -- previous trading range lows in early 1998, now resistance
212.24 -- resistance ridge in July 1998
210.01 -- minor channel line resistance from old August 1998 low
(rising at 24 bps/week)
209.91 -- Oct 14 high; highest point since Jul 21, 1998; start point for
upper border of 2-month triangle
205.11 -- last week's high
-204.04 -- Wednesday's high
>203.69 -- Wednesday's close; 40-day moving average
203.44 -- 20-day moving average
203.28 -- 100-week moving average
-202.92 -- Wednesday's low
201.35 -- 100-day moving average
199.66 -- Oct 11 low; start point lower border of 2-month triangle
195.99 -- gap on daily charts left by Aug 30 higher opening
195.41 -- 200-day moving average
193.99 -- reversal high set May 6; old trading range highs, now support
188.44 -- Jul 28 low; double bottom on daily charts
182.67 -- Jul 13 low; lowest since June 1975
180.30 -- June 1975 low on monthly charts

But look here, the effects of this monetary explosion are beginning to become evident:
bloomberg.com;
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