I’m not sure… but I read a great article here from Kevin Klombies. He makes an interesting point of correlating index charts (Hang Seng, commodities and S&P;) with historic crises to conclude that we might be seeing the end of the commodity bull market. He ends his report with:
The argument has been that the CRB Index will remain in a positive trend until the moving average lines for the Hang Seng Index from Hong Kong ‘cross’ to the down side. The moving average lines are indeed in the process of ‘crossing’ and it will take a remarkable price rally in the very near term to alter the trend. If this isn’t the end of the commodity bull market then we stand to be much impressed by the speed with which the Hang Seng recovers. We shall see.”


We’re not big fans of charts and technical analysis, but his theory was interesting.
 

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