Friday, October 16, 2009

100-year CRB Index Wave Patterns

From Elliott Wave International:


"First up: 'Bubble' gumball in Commodities? According to the mainstream experts, the powerful run up in hard assets is set to continue. 'The commodities boom is not over and the bull market has several years to go,' writes one October 8 Bloomberg."
"Well, before you hop aboard the bullish bandwagon, you might want to consider this historical close-up of the Reuters-Jeffries CRB Index. "

"
This version, though not complete, does provide a clear picture of a 100-year long, five-wave rally since the 1890's. "


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