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Hello Dr. Al and Tomsky! Here is the updated chart "tomsky" wants to see. I did not post it yet because the recent moves were so “schizoid” that the “3 Line Break system” was subjected to an unusually powerful time compression. Therefore, we did not get yet to a new time vibration. Right now, the next and EARLIEST Vib. point is projected around Nov 28 and the next Hurstian nest of lows is expected, the EARLIEST, around the Winter Solstice…LOL!tomsky wrote:Cougar, i have to ask you one favour, can you please post a follow up of the attached chart? You've post it in june i think... (i have to be honest, it was my wallpaper for 1 month, great work and thanks for sharing).
Both Copper and Silver charts are just plain ugly.Al_Dente wrote:DOCTOR COPPER
Friday Reuters: China's top smelter Jiangxi Copper and FCX “have agreed on a 12.4 percent rise in term treatment and refining charges (TC/RC) for 2012 concentrate shipments…The 2012 TC/RCs have been set at $63.5 a tonne and 6.35 U.S. cents a pound, up from $56.5 and 5.65 cents for full year of 2011 for standard, clean concentrates. …TC/RCs are paid by FCX to Jiangxi for converting its concentrate into refined metal and deducted from concentrate sale prices based on London Metal Exchange copper prices.….
…..Spot standard, clean concentrates to China changed hands at TC/RCs of near $40 and 4 cents versus $45-$55 and 4.5-5.5 cents in late September, traders said. Offers were below $30 and 3 cents from international trading firms, down from about $40 and 4 cents last month, after supply fell on strikes….. Jiangxi … expects … supply of copper concentrate … to rise in 2012 and may see a surplus after 2013, as new capacity comes on the stream….”
Any smarter copper person who sees that as bullish, please post and explain how/why.
Weekly FCX chart shows downtrend channel with no pos diverg yet.
http://stockcharts.com/h-sc/ui?s=FCX&p= ... =240748029
Daily FCX shows bear with support at the 18 Oct low.
http://stockcharts.com/h-sc/ui?s=FCX&p= ... =243148554
Put/call ratio is 1.0…..http://screencast.com/t/iMsx1e9Neq
And Fridays COT report shows SHORT not long copper: http://graphics.thomsonreuters.com/11/02/cftc.html
http://www.youtube.com/watch?v=Zf3HjUF5 ... re=related
Thank you for the update. I have been wondering why Doug kass has been so bullish lately. He has been following this pattern quite closely I believe.tomsky wrote:Hello MTA's
It's been quite some time since my last post here and i'd liketo have my little contribution. Somebody posted a few days (last week?) ago the three peaks and a domed house scenario and liked it, i've been following it since.
The first image it the 2H DJIA (looks smoother), the second one is the theory. Ignore the time and price (for the planned moves), only the direction needs to be watched if this formation will unfold by january or february, it also fits with thanksgiving and Santa's rally. Will this be the trend in next weeks? Only time will tell. Anyway, i'll watch it closely.
Have a great weekend and GLTA!
Later edit: i've edited the charts and now it's only one, easier to watch.
It's one scenario, just keep an open mind. A lot of traders thought the H&S would materialize and it didn't. Similarly, a lot of people were guessing the triangle would break to the upside and that was blown up as well. Hope you have a good trading week. I plan on watching price and trading accordingly.dcurban1 wrote:3 peaks and a dome has a time component to it as well. Stock Trader's almanac talked about it earlier this year. We are closer to the end collapse than the spike up.
The pic is at the bottom of the page.
http://www.stocktradersalmanac.com/sta/ ... ertId=1452