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FreeSeas Inc. Message Board

  • sharpeiweb sharpeiweb Dec 1, 2013 12:25 PM Flag

    Baltic Dry Index...


    formed cup from Jan 2012 completed about mid Oct 2013 where it pulled back to form handle through third wk Nov (about). Has now begun its next leg up. See stockcharts: $BDI -2 yr chart w/macd, rsi, adx, pivot points. Do same with FREE. Sharpei

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    • That's cool and all but that is not how the BDI works. It monitors dry commodity demand and can't be tracked in the way you mentioned. However if you look at the demand recently for bauxite and China going to import more iron ore and coal that is a huge positive. I think the BDI will hit close to 2500 this time around or higher.

0.0306-0.0004(-1.29%)Dec 1 4:00 PMEST