Inflation Deflation Watch
posted Mar 24, 2005 at 12:06AM
I cashed in some chips in some spec exploration plays. So much for buy and hold. They were flat and with the aroma of deflation in the air, I decided to up my cash levels. My oils I will hang on to and I am willing stick out any retracement there.
Now "aroma" of deflation doesn not necessarily mean deflation itself. The charts below should give some idea of what metrics need to be broken before the D word gains more weight.