Watch The Doctor (Copper)

As long time readers know, we have been keeping a close eye on Doctor copper for some time.


With today's action, I now wonder if we will finally see the long expected down wave we have been watching.


Note that MACD has crossed.


RSI is strong but turning slightly.


Slow Stochastics has just crossed.


Let's watch how this develops as present prices appear to be a good candidate for the peak.



Comments

  1. Evening PW

    The insiders are selling heavily

    http://www.marketwatch.com/story/the-insiders-are-selling-heavily-2012-02-09?link=MW_latest_news

    Be well

    Bill

    ReplyDelete
    Replies
    1. Agreed Bill.

      Several indicators are flashing red right now.
      Volatility is increasing. Volumes are thin.
      The Greek drama is being dragged out.
      We are very close to a major break.

      Best to you.

      Delete
  2. This comment has been removed by a blog administrator.

    ReplyDelete

Post a Comment