tag:blogger.com,1999:blog-7444476276287180978.post7657143795287423283..comments2023-11-20T05:15:20.137-05:00Comments on Behind the Headlines: ...and Bagels Still Cost a BuckMichael Kahnhttp://www.blogger.com/profile/10668546349672243203noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7444476276287180978.post-21678939674931413582008-10-10T11:55:00.000-04:002008-10-10T11:55:00.000-04:00Oh, I know that retailers are slower to lower pric...Oh, I know that retailers are slower to lower prices than they are to raise them. But I also know I am more likely to shop price now than ever and the first store to drop them gets my business.<BR/><BR/>As for the downside target for the H/S pattern, a trendline does not describe the action in this market, at least not a long-term line. I am using support and resistance and do see plenty of downside potential on the chart.Michael Kahnhttps://www.blogger.com/profile/10668546349672243203noreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-78629098762588665212008-10-09T20:53:00.000-04:002008-10-09T20:53:00.000-04:00Great chart and example of a Head and Shoulders pa...Great chart and example of a Head and Shoulders pattern. However, I have found that in commodities, once a pattern like this is seen on a long term chart, the decline may just about be over. Example, draw a long term trend line along the bottom and you will see that we are very close to support (Long term). I am not saying it will hold, but in many case studies, it does and this becomes a great long opportunity. Commodites seem to work (in my work) differently than equities. Commodities over extend further in either direction than equities. Something else to think about> Commodities are a necessity in the food and lifestyle chain (energy), stocks...are popular now, unpopular later and while people can become disinterested in equities, they always want bread, gasoline, orange juice, milk, corn, meat, and other natural resources. When they start trading Lobster futures? We all have something to fear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7444476276287180978.post-18831012375185387202008-10-09T20:47:00.000-04:002008-10-09T20:47:00.000-04:00Michael:This is because prices rose so quickly and...Michael:<BR/><BR/>This is because prices rose so quickly and business has slowed so much that price hikes will stick. Gasoline futures are at $2.02....have gas stations dropped prices that quickly? No, it takes time to go through the system. However, when things slow down, businesses look to raise capital (revenue) in any way possible. All businesses are struggling...you will not see "commodity-related" reductions. That is just not the way business works.Anonymousnoreply@blogger.com