Articles

The falling US housing market continues to beleaguer the stock market. Unsold homes reached a 15-year high, with July sales dropping 0.2% for the fifth consecutive decline.

And thank you for those of you who wrote in with very sincere concern for my state of mind. I am sorry if I alarmed you but I have found getting things off my chest a calming process.

Since the November 2005 low the Corn market has made a steady push upwards, posting progressively higher bottoms up through September 2006. Then, in September, Corn almost doubled in price, hitting a significant top in late February 2007.

In this age of computers and technical trading software, Welles Wilder’s Relative Strength Index (RSI) remains one of the most popular indicators in technical analysis. <

The week went from renewed confidence after the US Federal Reserve cut discount rates by 0.5% to renewed worrying about the still-unfolding US sub-prime mortgage saga.