Deflation…simply means falling prices. The 4-pack below reflects that the bond market believes that ”Deflation/Falling Prices” is the key theme as the leading commodity index’s is breaking below last summers lows. CLICK ON CHART TO ENLARGE The Power of the Pattern reflected that the Deflation theme setup first took place last June (see set up here) as [...]
CLICK ON CHART TO ENLARGE One year ago the Power of the Pattern reflected that a very bearish pattern was forming in the CRB index, as it was forming a bearish rising wedge at its 61% Fib retracement level ( see post here) What has happend in the past 52 weeks? The CRB index [...]
CLICK ON CHART TO ENLARGE Would a decline in Crude Oil prices be good for the S&P 500? The Power of the Pattern ask this question on 2/27 when Crude Oil stood at $109 (see post here) In the past 60 days, Crude Oil has declined around 8% and the 500 index has become fairly [...]
CLICK TO ENLARGE Crude oil and the S&P 500 hits highs together the week of 4/29/2011 and hit lows together the week of 10/7/2011. Is a break below support by Crude Oil going to impact the 500 index? CLICK TO ENLARGE The above Crude Oil/500 chart reflects key highs and lows in both products have [...]
CLICK ON CHART TO ENLARGE Crude Oil declined $100 per barrel back in 2007/2008. Was this good for the 500 index? During the same time frame the 500 index fell 45%. Over a 6 month stretch last year, Crude Oil declined $35 per barrel. How did the 500 index perform during that 6 month window? [...]
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