John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (2332)	6/23/2000 12:29:00 AM
From: John Pitera	Read Replies (1) of 33421

Weekly and Monthly CRB indexes.... WOW talk about a market advance. geocities.com we made a new 2 year high in the CRB today, geocities.com but the momentum has decelerated ... geocities.com and we may consolidate at the high price achieved in the next 3 to 8 trading days for 6 or 8 weeks...trending sideways to slightly lower. (when I speak of decelerating momentum I mean making higher highs on the price bar charts , while at the same time making lower highs on Price Oscillators such as the 14 Day RSI and the MACD Osc.... etc.) This monthly CRB chart shows how we have room to move higher in price later this year, even if we see a shorter term peak in this next week. geocities.com and If this is a new CRB bull market....... that's the fear that keeps Goldman Sachs and SSBarney with 5% of their asset allocation model in commodities. -ng- John

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