Despite the selloff of nearly everything, the CRB index’s 50 WMA is still above its 200 WMA. Â The 50/200 DMA isn’t and it looks like its not bottoming out anytime so this great index is likely to follow in the footsteps of many other indices soon.
It sure gives me the heebee jeebees seeing almost everything crashing out there.
I’m echoing TraderGav’s sentiment when I post this chart. Â I never believed that I would sit through a market event like what happened this year, ever. Â The good news is that my losses aren’t as bad as the 40% drop in the markets but they aren’t that good either. Â Our collective portfolio’s are down approximately 20% and I’m still following my market timing model. Â Only time will tell if I was complete fool or a genius.
I’m back from China and should start resuming posting as time permits.
I’m off to China till the end of the year so I wanted to wish everyone a Happy Holiday season and a Happy New Year! Â See you in 2009!