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 [...]
The Power of the Pattern has reflected that the Commodities complex created a pattern that suggests lower prices, as far back as a year ago (see post here) Gold and Silver hits highs in the summer of 2011 and have since created a series of lower highs, inside of a falling channels highlighted below. [...]
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 Even though Commodity prices at the store continue to move higher, the two leading Commodity Index’s continue to create a series of lower highs since their peaks in May of 2011. In the past when the CRX and CRB broke support and headed lower, more often than not they were [...]
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 [...]
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