Sunday, August 17, 2008

CRB At The Halfway Point



I just wanted to post the above weekly chart of the CRB index so that you can appreciate how much this index has sold off. The CRB is currently at the 50% retracement level of the 2007 to 2008 advance. In just 6 weeks the CRB has retraced half of an 18 month rally!

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