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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (76649)	6/26/2003 10:54:09 AM
From: Chip McVickar	Respond to of 209892

skinowski, Lots of folks look'n [or hope'n] for agricultural products to be the harbinger sign of inflation. Hasn't happened for years... either thru manipulation or simply meeting demand by better production out of the mega-producers. The Agricultural Commodities Index ($GKX) is a weighted average of the important agricultural commodity contracts as compiled by Goldman Sachs. Commodities used include Wheat, Red Wheat, Corn, Soybeans, Cotton, Sugar, Coffee, Cocoa, and Orange Juice. $GKX is one of five components that make up the Goldman Sachs Commodity Index (GSCI). The other components are Energy, Industrial Metals, Precious Metals, and Livestock. The chart is following a pitchfork median line nicely. Is below a support area and below an internal trend line. To me it looks weak and inconclusive for a move higher. stockcharts.com[w,a]wahannay[d19950626,20030626][pf][J12553563,Y]&pref=G