Thursday, July 29, 2010
Doctor Copper's Miners
Here is another way of looking at it; the miners of the good doctor as represented by this fledgling ETF have broken above resistance (now support) off of a bottoming pattern. Do we stomp our feet until the bearish view comes into play or do we wait for something like this to give a signal? Copper is usually a good lead on the general bull construct, no? I will choose to tune out the China hype and watch the chart.