Anybody want to take a stab at the Baltic Dry Index for me? It's either sitting on support (bullish) or it broke an uptrend line (bearish).
Aslan wrote:I like those little Yahoo charts as links to the big charts. But you are right, the others are better for TA.Tom-you should consider one of these sites instead of Yahoo because they give better information back farther than 5 days for the S Fund. I'm not sure how that works, just a thought.
Sorry I haven't chimed in more Aslan. I'vebeenbusy and the posts get moved down as others accumulate new posts.
Volume has been OK, but it's summer time and it's not unusual to see a slow down.
That MACD sure came to life.
Anybody want to take a stab at the Baltic Dry Index for me? It's either sitting on support (bullish) or it broke an uptrend line (bearish).
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
I believe that it broke the support line and went down to 2575 and has now turned back up probably heading for the December peak at 4635. I read somewhere that ships were being taken out of storage in preparation for more global growth in trade. I still own several shippers that I'm hanging onto.
Was this what you were looking for?
http://www.rubbernet.com.sg/baltic_indices.htm
Bullitt, your global transport indicator appears to have dried up...
http://finance.yahoo.com/banking-bud...&asset=&ccode=
Yeah I read that in the paper this morning FG. I found it humorous how that crook said the index is misleading. It is what it is and right now it looks pretty bearish. Actually, it looks like a burst bubble!
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
Just as the news man says its irrelevant it bust 4% in a day....
http://stockcharts.com/h-sc/ui?s=$BD...d=p49558466750
its one to keep an eye on though since it has bearish crosses in the major moving averages and as EFA is showing a rounding top.
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