Chart analysis of Baltic Dry Index and one of dry bulk shippers (PRGN)
Baltic Dry Index
PRGN
BDI is facing resistance at both 50% retracement and neck line at around 3000. Watch closely to what BDI will do at that point, if it breaks above the resistance, then double dip recession won't be real and S&P 500 will not tank. If it breakdown by resistance, and resume falling, then prepare for S&P 500 crash.
Showing posts with label PRGN. Show all posts
Showing posts with label PRGN. Show all posts
Sunday, August 22, 2010
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