"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 5, 2012

Cu on the other side

The other side being the bull side for a potential rally.  The time to be bearish on copper was weeks ago, not now.  Here's the NFTRH chart that was used to gauge the degrading situation in Cu. 

Now, anybody remaining bearish for the intermediate term must be a die hard d Boy.  It will be interesting to see if the d Boys do indeed die hard.










http://www.biiwii.blogspot.com
http://www.biiwii.com

4 comments:

  1. 100% retracement from December. One of the TAs I read says that a 100% retracement like this always means it'll fall further.

    ReplyDelete
  2. There are no 'always' in TA or in markets. That is pure fantasy.

    ReplyDelete
  3. Sometimes there is always no always and sometimes there is only sometimes no always. But there is always no sometimes... except for sometimes.

    ReplyDelete