3 replies to this topic

[hiker]

approx 53.50 impt horizontal being tested today...maybe. short term d/t on 13 minute chart has been broken by today's action Fast Money show has been talking up FCX incl last night. watch what happens at $53.50 and above...and the backtest of the broken weekly support t/l 54.41 is Horiz. R from the daily chart. S at 49.68

Edited by hiker, 10 January 2007 - 02:26 PM.

[traderpaul]

There is a bearish article on this in business week.com. Link

[hiker]

bearish articles on FCX for a couple years now... thanks Paul...I am not saying to stay in it forever...just as long as it lasts....the next hurdles are posted above. how many posters here provide in advance where they may be exiting, and the data they are monitoring? ...inviting others to compete for entries and exits.... btw NYX has 109.56 as Hor. R being tested today.

Edited by hiker, 10 January 2007 - 03:52 PM.

[hiker]

FCX swing long trade update - closed long today on approach of horizontal resistance mentioned above....reentry alert for closing basis move above Hor. R. btw, NYX unable so far to sustain a move above H. resist. noted above.

Edited by hiker, 11 January 2007 - 10:47 AM.