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Entries on 26-October 08

copper futures....will we see $160? then what?

Posted by hiker, Oct 26 2008, 10:59 AM in market averages

Since 1959, major copper price declines have been:

a. 1966 April, for a decline of almost 50%
b. 1974 May, for a decline of 62.5%
c. 1980 Feb, for a decline of 62.5%
d. 1988 Dec, for a decline of 62.5%

now - $160 area represents:

-62.5% from the May, 2008, top

chart and more here -

http://www.websitetoolbox.com/tool/post/fi...post?id=3062071



Comments

  Jnavin, Oct 26 2008, 11:04 AM

How will you play it, hiker?
Long PCU? FCX?

  hiker, Oct 26 2008, 12:30 PM

John,

my primary intent in sharing this copper info. is:

it relates to a guage of expectations for the global economy and financial markets.

I am active as a commodity futures trader, so trading the futures vs. related stocks is my preference.

FCX has been one I have been trading.

 
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