Cobra wrote:I FEEL a range day, the morning 10 min range would be our day range.
need the 2nd leg right?
Not sure. Nowadays you have to give bulls lots of credit. Think the worst worst worst ever for bears.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
no idea about what the market is doing, still think it's range day.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
We go up on no volume and go down on monster volume. The market is working ineffeciently soon that will change but not untill the market is up on a cliff do we get to jump off.
Cool. I like long analytical posts anyway so please bring the info whenever you have something interesting. I definitely see the correlation between them all. I forget though......what was the point you were trying to make yesterday? Sorry I could re-read yesterday's posts but I don't want to crawl through all that!
Al_Dente wrote:
L_T wrote:Al Dente: thoughts on copper / FCX ? Never got the interesting sounding chart you described yesterday. ....
Hi L_T... re FCX...looks like we lost michelle... I tried 2 avoid posting another dang dissertation yest, and broke it up into chunks … didn’t work out 2 well… this is STILL a work in progress, we’ll get there…
First, we went astray on the correlation, I started with ECH Chile, and wanted u to see the China/$SPX/Indonesia/Peru all at near perfect correlation with Chile. (As u know: perfect correlation is 100%, zilch negative correlation is 0%, anything above 50% is considered positive correlation, etc….), anyway, maybe no surprise (?) that the biggest copper producing nations all correlate strongly…. but Chile corr with $SPX was a surprise, and Chile’s NOT AS STRONG correlation w JJC was a surprise…. here’s a jing of the correlation, u shld be able to see: http://screencast.com/t/HVgo1Dvsdwu
PS: today is my short day, only here for another couple hours, very busy, may need 2 pick it up tomorrow....