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Chart Patterns are nothing but Footprints of the Greenbacks.
Thursday, May 26, 2011
Name of the game is commodity trend-line break
We’re seeing a ton of patterns like the following. It’s a great pattern for commodities coming off the bottom. You don’t get the exact bottom but often a nice meaty move. Here are a few that have already triggered (and have been in our newsletter — strategy was swing long into the break) and a few that have not broken yet for your trading pleasure:
Happy to have the commodities back for a trade (also note the Ag theme –we like Potash and Mosaic $POT$MOS)