Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bearshark who wrote (34590)	11/29/1998 4:49:00 PM
From: bobby beara	Read Replies (2) of 94695

Shark, been following the CRB and if all is right with the world (as the stock market is telling us) why are the prices of commodities falling out of bed again? The CRB hit a declining peak in 3/24 a month in advance of the market peak. The CRB hit a peak on 7/1 and the stocks topped about 3 weeks later. The CRB hit a peak on 11/12 and we are coming on 3 weeks later. The pattern was a long narrowing indecision pattern (possibilly a failed inverse h&S pattern) that blew out of narrowing bbands. I expect the Sept. lows in the CRB are going to fall like knife thru butter. I think this is another divergence that should be paid attention too, as well as the flattened a/d line since 11/6 breadth peak. RUT, TRANS, BIX (s&p banking index) are all near or under their 200 dma. Banks again are not doing well despite low interest rates and the fed at their backs. bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next