Showing posts with label commodities. Show all posts
Showing posts with label commodities. Show all posts

Wednesday, February 25, 2015

Triangles in commodities

Started watching this a while back.  The question is, when will this chart:

Lumber weekly

Look like this one:

Copper weekly

Or even (OMG) this one:

Crude oil weekly

Because everyone knows what lumber means.  And, yes, it tends to lag the others.

The problem is that the great suburban tract chipboard McMansion is the hard asset underlying the great American debt ponzi!  That and your future!  And both are worthless!

SPX likely finished up wave 3 up today from the 1980 low.  We've got at least two more weeks for 4 and 5, during which that top Bollinger will come back in (2142+ today).

No worries.  Go look for books at Value Village.