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Since I like to start my day out on a positive note....I thought you
might,too....
This post is about trading so be forewarned>>>>>>>>>>also, be careful...as
this strategy does not use hocus pocus, black boxes, or genius methods....
The post below is for people like myself who are simple minded.
Copper......December
1st drop was 114.80-99.80=15.00
retracement was 99.80-109=9.20
9.2/15=.613.....618 is a very common retracement number
Where to next???????
If this next decline is at least as large as the first...we would expect Dec.
Copper to fall to a minimum of 109-15=94 cents.
Seasonally copper tends to bottom in late September-mid October.......
so......the bias should be down for the next 4-6 weeks...so...one might look
to
use strategies that would profit if copper declines.
Have a great day....Tom Stein comfut@xxxxxxx
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