Commodity and FX markets are much clearer at the moment, and Copper in particular (second chart, below) is looking very bullish. Stops should be put at the lows. The USD should continue to weaken.
Friday, 12 December 2008
More complex patterns
Even though the market fell as expected, the extent of the drop was unexpected. This prompted a trimming of longs, but I continue to recommed small longs, so long as today's lows hold. Medium-term, equity markets are bottoming for a strong and long (in time) bear market rally.
Commodity and FX markets are much clearer at the moment, and Copper in particular (second chart, below) is looking very bullish. Stops should be put at the lows. The USD should continue to weaken.
Commodity and FX markets are much clearer at the moment, and Copper in particular (second chart, below) is looking very bullish. Stops should be put at the lows. The USD should continue to weaken.
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