Thursday, November 12, 2009

Baltic Dry Index sell signal. This index is for shipping rates of dry goods (lots of commodities which are considered to be leading indicators for how much future economic activity will occur, for example concrete, copper, steel etc. This is a short sell signal based on this last leg of the rally but this rally is a second attempt to break above the first failed rally so this could lead to a significant test of the lows a year ago.

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