Commodity Bubble.

The soaring prices of crude oil and other commodities have become impossible to ignore.$120.00 per barrel crude-oil is grizzly and cruel to the daily lives of the modern world.
Up from just $70 back on Labor Day of 2007.
Prices of metals such as copper and zinc and foodstuffs ranging from corn and wheat to oats and rice have soared as well, a fact hammered home by reports of food riots in cities in Egypt and Haiti.
Some of the rise in commodity prices can be explained by simple supply and demand. People in places like China and India are eating richer diets as their economies expand, and energy use is surging as industrialization moves forward.
Prices also reflect other factors, such as subsidies, trade barriers and tariffs. The U.S., for instance, has earmarked a substantial amount of its corn crop to the production of ethanol - a decision that has made corn scarcer as a foodstuff at a time when global demand for grain is increasing and stockpiles are at longtime lows.
Billionaire investor George Soros said that "a new bubble is developing in commodities" and that this is leading to rising food costs and other inflation pressures.( Soros says 'commodity bubble' is still in growth stage )
The guys who screwed up the mortgage markets are bringing their awesome skill sets to bear on physical commodity markets.These investors are buying commodities in part because of Bernanke's rate-cutting spree. Inflation kills.


9:30am--Gap-up nearly 40.0 points.Tech stocks providing the leadership.
10:00am--Early Low.(open long-position).Morning star.
11:00am--High.(close-position)A long shadow of graveyard doji.
12:00pm--Bearish engulfing.(open short the market)
1:00pm--Take profit,close out position.
2:00pm--Day's (High+Low)/2=mav.At this stage,anything below MAV--you buy long,if above must Sell short.
3:00pm--Time factor,limited prospect
4:00pm--Noticed two ascending soldiers.

The inverted hammer is holding near the weekly MAV.It can be translated to recover the long upper shadow of the candlestick.