16.1 C
New York
Friday, May 3, 2024
HomeCharts
ChartsMarkets

Great Escape II

By Chart School
0
23

Courtesy of Doug Short.

When the CRB and CRX commodity indexes broke support back in 2008, we experienced the “Great Escape.” Investors started selling everything in sight, and the CRX index fell 50% in a matter of months, taking stocks with it.

Is GE2 (Great Escape II) about to take place?

These two key commodity indexes have created bearish looking patterns of late and are breaking key support, similar to the action in 2008.


 

 

If history and patterns are any kind of a guide, the breakdown in the CRB/CRX index is suggesting that GE2 is close to picking up speed. Protection of assets is the key strategy in this type of environment.

 

(c) Kimble Charting Solutions
blog.kimblechartingsolutions.com

 

 

 

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,284FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x