Thursday, March 20, 2008  Bespoke on Commodities  I had a friend
who was a fanatic about technical analysis. He had a drafting
table where he would draw charts by hand with protractors and
German machined straight-edges. He was convinced that being half
a degree off on the slope of a line would lead you to perdition.
Looking at Bespoke's charts is easier: (link below)  With
commodities down sharply once again today, and the news media
already asking everyone and their mother's if this is the end of
the boom, below we highlight our trading range charts of major
commodities. The green shading represents two standard
deviations above and below the commodity's 50-day moving
average. When the price moves above the green shading, it is
considered overbought (oversold when below). We provide trend
and support lines where necessary.   Bespoke Investment Group