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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (19782)10/12/2004 6:49:57 AM
From: jimsioi  Read Replies (4) | Respond to of 110194
 
Russ, good chance we'll see $5.60 HUGO

I like the support there as shown on this hourly chart...Question is whether this break today in metals is more than a one day affair...

stockcharts.com[h,a]eacaynay[d40][pc13!c34!c50!c200!f][iut!Ub14!Lp14,3,3!Le12,26,9!Ll14!Lya7,14,28]&pref=G

Given the very high levels of the trend indicators in Gallemore's work and the time they been there it looks like a period of downward consolidation running a few weeks lies ahead. Specs and large commercial have to get washed out AGAIN...Back to $1.40 copper minimum, I suspect...maybe $1.35.
The world got too hyped on commodities last week.....time to raise some doubt...
chartingyourfutures.com