is the commodity boom over?, page-65

Hi Swerverino

Thanks for the complimentary remarks! Cheers mate!

IMO we had dangerously light trading early on today - traders appear to be searching for an entry point & direction & increasingly aware that the big instos might launch an orchestrated pre-emptive strike at any time.

It looks like RIO is the preferred target for shorters atm & the BHP range is being kept pretty tight by 'market makers'.

Although the DOW has finished green 7 days out of the last 8 and at 8591.7 this morning it is still poised in charting indecision due to the huge drop on Monday - I suspect that is weighing on our boarse ATM.

Our boarse appears to be awaiting the DOW's next move relative to its most recent high of 8831.35 - a break above that point would require a surge of about 250 points & would establish a possible start for a new bullish Elliott Wave. To continue BHP's trend down the bears have to create a low below $20 - hmmmm?

Otherwise the range trading that started about October 10th may continue until Obama & his team start in the New Year.

4YIO - NFA