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At 03:57 PM 2/25/98 -0500, Gerald Ashley wrote:
>Hi Everyone,
>
>About a month ago I first raised the possibility of a severe weekly MACD
>divergence in copper.
>
>Since then copper has continued to weaken - until today!
>
>I know today is expiry for March copper, but the action still looks quite
>fierce.
>Are there any real traders out there who follow copper???
>My experience of MACD divergences is that they are extremely powerful - but
>as
>with all such methods you need patience - AND deep pockets (Timing is very
>hard)
>
>I have a chart on my home page that shows the divergence if you want to see
>it.
>
>My homepage address is
>http://ourworld.compuserve.com/homepages/Gerald_Ashley
>
>NOTE no www in the address.
>
>Also I know realtraders get annoyed at promotional stuff. So please
>remember -This homepage is FREE
>and sometimes WRONG - so don't use my trading signals as advice. It's just
>for FUN.
>
>Any views on copper - I would be interested???
>
>Rgds,
>Gerald Ashley
>
Gerald,
I'd like to see the chart. I get news saying Asian consumption of
copper is going down, inventories everywhere accumulating. The
price could soon be 70 cents. In your chart, what you say looks
OK but I don't see a break-out. Now that could be about to happen.
Everyone stay tuned.
Pete
petena9090@xxxxxxxxxxxxxx
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