Here we take a look at the BDI once again and marvel at its complex Inverted Head & Shoulders pattern with compound shoulders. Of course, that is a TA’s way of baffling ’em with technical sounding bullshit when what he really means is ‘look at that freakish thing; I don’t really know what it is but man it looks bullish!’
BDI is a shipping calculation, not an index; and hence, who really knows if it even translates well to a stock chart? But in my highly technical opinion, man, this freak looks bullish (and positive for the global economy).
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