The chart below was produced on 7/7, and the “Power of the Pattern” was suggesting that a breakout in Copper could be good news and as usual…. investors would want to “buy the breakout.” (see post here)
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Below is an update to the Copper chart above.
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Very nice breakout action by JJC…In the past this type of action has been a good sign for the stock market and more often than not a decent indicator for the global economy.
Game Plan…remaining an owner of JJC due to the breakout with a 4% trailing stop.
