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IDS World Markets Mon 6th October 08


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Commodities R.I.P. as Leverage Vanishes, Growth Slows (Update1)

 

By Shruti Singh

 

Oct. 6 (Bloomberg) -- Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials.

 

 

looking good for a low here......

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VIX intraday high breaks 97, 98, 2000 & 2001 high

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"On Friday, the VIX closed above 45. When the VIX was holding above 30, we had been saying for days that, "In spite of an expected bail out package approval, the VIX is remaining very high ... something is very wrong about that scenario. That continues to be the case ... the very wrong scenario is most likely the very serious credit market freeze we are in."

 

The key on the VIX now is the triangular pattern on today's chart. Breaking above would be another round of panic selling." Marty http://www.stocktiming.com/Monday-DailyMarketUpdate.htm

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