Here is a video that I made for members of 12631 (A premium service available to members of The PPT) at the end of January. In the video, I detail the “dark cloud cover” candlestick pattern, as it applies to Freeport McMoRan. I also believe that FCX has made an intermediate-term high, and I am looking for some more weakness, followed by a period of consolidation.
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[youtube:http://www.youtube.com/watch?v=a9dAI_4_wVk] If you enjoy the content at iBankCoin, please follow us on Twitter
If today was any indication, FCX really was trying to “tell” us something these past few weeks. Good stuff as always.
Fee-poat Mc Morons is doing great today, however.
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Dead cat bounce