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San Diego | the 'crb' for ole timers is the $CCI the continuous commodity index, which has a good weighting in all the commodities, not like the newer crb indexes that are overweight in energy.
the CCI moved from the jan. low about 10% to get over 550, so looking for signs of a correction.
definitely better be a hedge fund with deep pockets to try fresh longs in these commodities that have recently rocketed!
interesting how the crb and the SPX has moved together... check out a soybeans and SPX chart they have been in sync, probably due to the same macro fund money moving it all!
here's a link to a wyckoff top call in SPX yest., the info will be gone when he does this evenings show.
http://www.tfnn.com/hour02.html
cheers!
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crude oil resistance begins 103
