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Keep a close eye on these two, as they have been above average barometers per how the global economy is doing.
A breakout of these falling resistance lines would increase the odds that the broad market can get above key resistance levels.
Investors will want to own these two on a breakout!
This seems more a macro-environment where history has to be scoured to understand what really is happening. Otherwise, trusting ‘models’ is without context.
Its overwhelming to understand the shock waves coming from this financial tsunami…
we are faced with the results of a failure to manage our resouces…due to stupid one-ups-manship. PERIOD.
Every country has played this card.. every one of ’em have lost.
Our deal will take more time than many think but less time than riding a BULL.
These charts tell the story. How will demand grow if jobs are not available and people can’t prop-it-up? WHo buys copper to NOT build things..houses,cars, etc. China has and is in a stressed situation. TRUE.
So who BUYS?
is there NOT resistance? DUH..
We live, We breathe, We think in our way of thinking, yet We seem lost. How do we agree on WHAT TO DO?
luv ya, bye
Great stuff! I really enjoy following your market analysis. How would you determine that the copper breakout is real and not a false breakout? For example are you looking for several up days with volume above the avg?