Baltic Dry Index ;1) We did bounce up on an older A & C level (giving us a "B" level)
2) Baltic Dry index is "often" a leading indicator
3) Focus on China if/when the index gets above 2500
4) A close below 2250 could confirm a major problem ahead for global markets
2 comments:
Moise
Your last few posts suggest you think the over-all markets - BDI, SSEC and FAS are due for a major rally.
Instead could BDI and SSEC just be leading the general markets?
I admit I have no clue where things are headed and am just trying to learn from the professionals.
Hi Dave,
I wrote several months ago that the "bear market was over" due to the fact that the Shangai index was in a full buy signal (ABC pattern).
It also confirmed an ABC trigger on the Baltic Dry index.
It tells me that these days, Shangai and the BDI can be considered as leading indicators
Post a Comment