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(Sorry attached my reply to the wrong trailer, should have been on the
"Copper" one, delete the previous post "Bonds to close above 107")
No problem Norm. I am aware of the long term support down in this area.
I am merely pointing out what is missing from the pattern as far as EW is
concerned. The beauty of it is, it also puts one in a long position
(trading a minor wave 4 or a wave 1 or A). The more one is familiar with the
use or interpretation of EW the more I respect that even if the count might
be wrong (better said . . off) it still puts one on the "right" side of the
trade. After that the use of stops etc will dictate the success of the
trade.
My point is the pattern is incomplete since what "I call a good" minor wave
4 is missing. Does it mean it has to happen, no. I would just be cautious
as the possible minor 4 retracements are approached and at least open one's
thinking to the "possibilty", should it begin to unfold. If one decides to
trades out, there is always re-entry above the highs.
We all know what happened to Cotton as it approached its multi year lows in
March (chart attached). If deflation is still in play, nothing says copper
has to stop here?
I can't speak to the planets, which is your area of expertise and I would
differ to you, as to what that reveals?
Good luck and good trading copper,
don ewers
----- Original Message -----
From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 13, 2001 1:23 PM
Subject: Re: [RT] Copper
> 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
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
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>
>
>
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>
>
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