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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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All in the Family

chessNwine Sun Mar 23, 2014 1:12pm EST 6 Comments

MW-AW104_aitf_g_20121107174844_MG

To follow-up on my weekend video analysis from two Saturday’s ago, keep an eye on the global materials complex, especially copper, once again this week.

The monthly timeframes for BHP FCX JJC are also sporting similar patterns, with copper leading to the downside. Bulls were able to stem the tide in June 2013 at these levels for global mining giants BHP FCX. But the more times major support is probed the more likely it is to eventually give way.

These charts are all in the same family, and I am expecting them to move in unison for the big break or big bear trap.

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BHP

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FCX

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JJC

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6 comments

  1. JPMorgains
    JPMorgains
    March 23, 2014 at 4:06 pm

    http://youtu.be/j4kjyUAXdL4

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  2. JPMorgains
    JPMorgains
    March 23, 2014 at 4:59 pm

    One can always buy the dreaded puts.

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  3. JPMorgains
    JPMorgains
    March 23, 2014 at 5:29 pm

    This was that all time on the S&P on Friday.

    http://youtu.be/o1bXSz33We4

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  4. John
    John
    March 24, 2014 at 2:24 pm

    Nice post, but can I make ur case for you w/ some better examples:
    Dow chemical
    US Steel
    Petrobras
    Caterpillar
    Manitowac

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