"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, June 26, 2012

Cu Updated

Do you think this is important support for Doctor Copper?  Me too.











Edit (1:47) Weekly chart for commenter MTG that we have been using in NFTRH showing potential (not actual until a break of the neckline) massive H&S.  Needless to say, this had better not be an actual H&S or else the deflationary implication is profound and the target is just above the lows of Armageddon '08.













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2 comments:

  1. Is that the right shoulder of a giant H&S? I don't know how textbook it is. Patterns that big don't work as often, right? Too apparent.

    ReplyDelete
    Replies
    1. You bet it is MTG. I'll pop up a weekly chart we have been following in NFTRH, to illustrate.

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