Video:
http://www.gannglobal.com/v/Copper/01
Edited by Russ, 24 April 2007 - 07:23 PM.
gannglobal.com forecasting Copper bear market
Started by
Russ
, Apr 24 2007 07:22 PM
6 replies to this topic
#1
Russ
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Posted 24 April 2007 - 07:22 PM
Since Copper is supposed to lead the economy, if copper is turning south then doesn't that predict a bear market for the economy?
Video:
http://www.gannglobal.com/v/Copper/01
Video:
http://www.gannglobal.com/v/Copper/01
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
da_cheif
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#3
nimblebear
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Welcome to the Dark Side !
Posted 24 April 2007 - 09:02 PM
Guess i should dump FCX. 
OTIS.
#4
Russ
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Posted 24 April 2007 - 09:53 PM
A double top? RSI momentum looks to be rolling over....but DC says its launch time. 
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
Guess i should dump FCX.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#5
Cirrus
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Posted 24 April 2007 - 10:29 PM
Copper, Oil, NG, Nickel, Uranium.....these are NOT stocks. This stuff is used and world demand has overwhelmed world supply.
Commodities are different animals than equities IMO. I'm most bullish LT on CL, Nickel, Molybdnum and Uranium. The next decade should be interesting as 3+ billion people are integrated into civilization. Has anyone looked at charts of energy and industrial metal per capita consumption once a population moves up the status curve? These growing economies have huge war chests of hard currency (US$s). There may be corrections but the trend is up for a while.
#6
LeroyB3
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Posted 24 April 2007 - 11:00 PM
Why do we care what gannglobal has to say?
#7
Curt
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Posted 25 April 2007 - 08:10 AM
Why do we care what gannglobal has to say?
From a TA perspective they made a good argument. Yes to the world demand future, but will CU prices take a few month drop? Since this recent run up is only 1.5 months old for a very large gain, there probably is a drop in store over the slow summer months?
Buy back in late summer?
I'd like to hear the inputs from old time copper/base metal traders? Any talk on the freeport boards?
tnx curt
