"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, September 17, 2010

Commodities (CCI)

Here is a chart that was included in NFTRH a couple issues ago, when the little baby Handle was still in question as to whether it was indeed a handle or part of a larger one in the making.  Well, the little feller was the Handle as the subsequent price action has now well exceed the rim of the Cup. 

This is another example where I did not know why something was bullish, other than because the chart said so.