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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (9907)9/9/2008 11:28:59 PM
From: nspolar  Read Replies (1) of 33421
 
Catching up a bit Jon.

Excellent comments in my opinion, in many respects.

I have not discounted the possibility that the CRB over the last 7 years or so did some sort of 'corrective' wave up. It is a strange looking formation in my opinion, and the bottom line is that I am not convinced it is a true impulse. More in the other camp, to tell the truth.

If I am correct the CRB is going to retreat a long long ways.

OTOH the CCI during the same time looks impulsive. So I am perplexed at this.

I did a bunch of web searches and follow up on the two indexes, and gave up trying to decipher the exact differences between the two. One thought for me is that the CCI maybe represents a bit more of a modern day approach to a commodities index, compared to the CRB. Not sure but I think the CRB may yet even include some content related to molasses. In any event I have limited patience and time, in researching some of these things.

Well molasses are not overly important to me these days.

After all my main requirement is to make the daily bread for my family, which I do by doing my part in keeping the oil pumping for ya'alls in the L48. Re the latter, w/o explanation, it has not been easy of late. AND winter is a coming.

TF
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