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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (38177)3/10/1999 5:50:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
X, I have been saying for I while I believe commodities were bottoming and all the talk about $5 oil was that kind of indicator.

The OSX has a failed H&S pattern, the CRB has that same pattern but dipped below support as the Hang Seng and Nikkei gave their last fakeout to the downside rally.

From the ascending triangle base on the CHV weekly chart with spread double bottoms in September and February, I would say that the deflationery Asian problem is behind us, maybe our economy missed this part of the Kondreitieff cycle because it is less based on commodities.

bwdik,
bb