Buy commodities may be easy money down the road

[trader3cnd]

Another commodity bubble is along the way? Mike Harris thinks this is possible. Look at the DBC (PowerShares DB Commodity Index Tracking) analysis at the bottom of this report:

http://www.priceactionlab.com/Blog/2011/01/the-state-of-etfs-january-22-weekly-recap/

 

[nunrgguy]

Another commodity bubble is along the way? Mike Harris thinks this is possible. Look at the DBC (PowerShares DB Commodity Index Tracking) analysis at the bottom of this report:

http://www.priceactionlab.com/Blog/2011/01/the-state-of-etfs-january-22-weekly-recap/

Anyone that says a moving average is support is taking out of their :whistling

 

[Albert Carey]

Anyone that says a moving average is support is taking out of their :whistling

http://www.investopedia.com/terms/m/movingaverage.asp

"Not only are moving averages used in referring to directional bias, they also are used as support and resistance. "

http://www.investopedia.com/articles/forex/06/movingaverageexplosion.asp

This means you are the big a*s here, actually you use your a*s instead of your brain and you haven't done your homework because of that. I have been using sma s&r for years with great success. Actually, it is one of the most successful TA signals I have ever used.

Now, I do not agree with everything in the analysis of the OP but if you have followed the author's advice you would have made some money in SPY yesterday instead of trying to play smart a*s.

 

[nunrgguy]

 

[intradaybill]

The SMA(200) on day bars is considered very strong support/resistance level. Regardless, I like Harris' analysis although I may not agree with everything he says.

 

[Albert Carey]

Another commodity bubble is along the way? Mike Harris thinks this is possible. Look at the DBC (PowerShares DB Commodity Index Tracking) analysis at the bottom of this report:

http://www.priceactionlab.com/Blog/2011/01/the-state-of-etfs-january-22-weekly-recap/

Good post, thank you. Harris' indicator predicted last Friday's market correction:

http://www.priceactionlab.com/Blog/2011/01/the-state-of-etfs-january-28-2011/