Wednesday, July 29, 2009

Trend reversal in CRB

Was busy doing my hair and almost missed it. CRB tipped over on Tuesday. Just goes to show how sensitive these markets are to the China growth story. Wouldn't be surprised to see it around 220 in this move down (note it closed at 243.55 not 143 last night per the chart)

Interestingly, a wash of European markets also marked out key reversals on a daily basis, while a suds (following the shampoo theme) of Asian markets are still powering higher.

Sold out of BHP at $37.00...

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