Was 2010 Commodity a Rally in a Bear Market ?
Posted By Barry Ritholtz On January 5, 2011 @ 12:00 pm In Commodities,Technical Analysis | Comments Disabled
Chris Kimble [1] writes:
The CRB index had a huge rally from 2002 to 2008, followed by an decline over 50%.
The 2009/10 rally took the CRB index back to its “50% Retracement level” as well as two key resistance levels, at the same time.
Is a “Head & Shoulders” pattern at hand as well?
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Was 2010 a rally in a bear market for commodities
click for ginormous chart
[2]
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URLs in this post:
[1] Chris Kimble: http://blog.kimblechartingsolutions.com/
[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/01/2010-commodity-rally-.png
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