Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (91236)	12/5/2008 4:43:44 PM
From: ajtj99	Read Replies (1) of 116555

Mish, watch that long term shelf at $40-$41 on WTIC. That's an important level to hold. If it does, the $51 area will likely be tested. I had a long term target of 2.4% on the TNX for several years. I really have nothing below that as support, but I guess I could dig out my charts and try to find it <G> Max Pain on the SPX was about 870 this week. If that's the case, tie a rubber band to it and watch price move up and down through it into expiration. Copper has strong support in the $1.15-$1.22 area. We get close to $1.30, which was a target I've been watching. Most commodities look like they are returning to their 2002 prices, where the commodity boom started.

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