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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Monday, October 20, 2008

Oil, Agriculture, and the VIX

Crude is making a strong case for heading back to $65
While agriculture seems to have bottomed and begining to bounce - Here's the ETF - DBA

Here is arguably the best in breed - POT which appears to be finding support at the 23.6%fibonacci.
And finally the VIX which fell to the 20 day EMA. Tomorrow will be interesting if the bulls have a follow-through day this ema support will be broken...
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