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First off, I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is debt, and running straight though a global economic model that is based on a premise of infinite growth in a finite world. This won't end well. I'd go a step further and... More
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  • Commodities break out? 0 comments
    Jul 13, 2011 11:12 AM | about stocks: DBA, DBC, JJC

    Recently, it looked like a wide variety of commodities were on the cusp of significant technical breakdowns.  Fast forward a couple weeks and the script has flipped.  DBA (Agriculture) appears to be breaking to the upside of bearish triangle patterns:

     

     

     

     

     

     

     

     

     

     

     

     

    Commodities (using DBC as a proxy) had all the makings of a very bearish Head-and-Shoulders, complete with a break under the neckline... only to rally ferociously starting last week.  It has now broken above trendline resistance. 

    And "Dr. Copper" (using JJC as a proxy here) is also pushing higher after breaking above resistance:

    The US Dollar broke violently above its flag pattern a few days ago, only to retreat hard from the 23% Fibonacci retracement line.  It has continued falling hard today and QE3 rumors have pushed equities higher and the Dollar lower.have pushed equities higher and the Dollar lower.

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  • Added DBA yesterday as it appears to have bullish broken above its recent downtrend resistance.
    Jul 14, 2011
  • Euro and USD each testing key technical trendlines today. See if the US Dollar rally will have longer term legs...
    Jul 14, 2011
  • Sad but true, Archman
    Jul 13, 2011
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