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Don,
With all due respect, to get the real currrent picture, you should be
looking at multi decade charts of copper. The low 60s brings copper back to
major long term support. I welcome your analysis on this view Here is a
link for long term copper prices. http://www.sharelynx.net/Charts/COPPER.gif
Cheers,
Norman
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 13, 2001 9:58 AM
Subject: Re: [RT] Copper
> Earl,
> Looking at a weekly chart, the spring reversals "could" be minor wave 4 of
> wave 5 just beginning?
>
> Attached are two weekly charts and a daily:
>
> The first weekly is in long term count as (defined by the 3/35 losing
> control) with the 10/70 oscillator is being used. What "may" be missing
> when I look at that chart is a good minor wave 4 of wave 5 (minor wave 4
> retracements shown)?
>
> On the second weekly chart I used the localized Elliott tool to count out
> the internal wave structure in wave 5 and used the 5/17 oscillator to
verify
> them. There is the possibility we could rally in this minor wave 4 to the
> 70.50 (.382), 73.63 (.50) or 76.76 (.618) retracement levels, then fail
back
> down to the MOB which ranges from 56.45 to 52.77 with a first timing bar
> (black vertical bar on the MOB) of the week of 1-11-02 ?
>
> When I jump to the daily (in long term count due to the 5/35 losing
> control), which is essentially measuringh wave 5 on the weekly, it shows
the
> same thing and this is potentially wave 4?
>
> Either way one can trade it long (buy a pullback) but be aware the copper
> "may" not have bottomed yet, in ones overall trading strategy (don't marry
> the position)?
>
> Just some thoughts to throw into the mix.
>
> As you can tell I like to see well defined minor wave 4's in the wave 5's,
> less one get fooled and watch it make another new low after a brief rally,
> burn you and then the "real rally" takes place.
>
> Been there, done that :-)
> don ewers
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, November 13, 2001 7:45 AM
> Subject: [RT] Copper
>
>
> > Not one, but two Wyckoff Spring Reversals on December copper ... this is
> > very powerful. While the decline into the lows has been long and steep
and
> > no secondary (higher) low has been established yet, this market should
be
> > watched very carefully for low risk opportunities on the long side.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, November 12, 2001 11:00 PM
> > Subject: Re: [RT] Bonds close above 107
> >
> >
> > > Jerry,
> > >
> > > I never said it was yet apparent. However, you should take a look at
> the
> > > CRB and the prices of the various commodities that I mentioned. One of
> the
> > > most accurate barometers of economic activity is Copper. So far, it
> looks
> > as
> > > though copper may have made a low last week. However, if you are
> > skeptical,
> > > you can read all about the economic recovery which began in November
> 2001
> > > when the media covers it in February - March 2002.
> > >
> > > Cheers,
> > >
> > > Norman
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
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>
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>
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