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if you look at the copper chart in the 60s 70s, it looks very,very
close to long term chart of natural gas lately...interesting.
chris
--- In realtraders@xxxx, "Norman Winski" <nwinski@xxxx> wrote:
> 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@xxxx>
> To: <realtraders@xxxx>
> 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@xxxx>
> > To: <realtraders@xxxx>
> > 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@xxxx>
> > > To: <realtraders@xxxx>
> > > 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@xxxx
> > >
> > >
> > >
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> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
> >
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