- The Big Picture - http://www.ritholtz.com/blog -

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?

>

Was 2010 a rally in a bear market for commodities

click for ginormous chart
[2]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/01/was-2010-commodity-a-rally-in-a-bear-market/

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

Copyright © 2008 The Big Picture. All rights reserved.