Anyone who has been around during the tech bubble or any other bubble. It looks like oil/agri is in its final stages of the parabolic movement to the top. What are the technical analysis indicators to spot the top of the oil/agribusiness bubble?
Hi, After suggesting that oil/agri was at a top I began comparing the tops of 2000 and other market tops in history. I went back and began looking as far back as prophet.net would allow. So what are you using as your indicator that makes you think the oil/agri is parabolic? Certain indices? Thank you for giving me a study to work on. I'm going to examine market tops and post the results on my website. Look forward to hearing from you soon, Damian Dornier www.dornierfinancial.com www.themarketobserver.com
http://www.wtrg.com/daily/clfclose.gif http://tfc-charts.w2d.com/chart/RC/W Oil is at least due for a small correction to sync with commodities. Gold is already divergent from both oil and agriculture, it has been flat since dropping from 1000 at low 900ish.