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Strategies & Market Trends : Natural Resource Stocks

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To: jimsioi who wrote (10768)	4/30/2004 11:26:39 PM
From: Little Joe	Read Replies (3) of 108876

Jim: I think Russ's post was great. However, as I read the charts they do not seem to portend a lift to commodities. It is clear to me that most commodity stocks are in freefall and that even the oil and gas stocks which are the last to show weakness are showing topping signs. If this is the case commoditys are going even lower. Is this a normal correction in a bull market. Still a possibility, but the charts are disturbing. It looks like everything is in sync to go down, PM's, Bonds, stocks, commodities. I am very uneasy about what this means. Thinking on it now and if I can formulate a coherent theory, I will post. Little joe

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