What's your thought on copper now Matt? If that complex e
correction is the right pattern, should have bottomed, no?
Interesting if that is the case for copper and SSEC is in an
IHS pattern the two kind of go hand in hand.
While Copper is down today, nothing changed technically with the
pattern, it still could be an ABCDE triangle with this being wave
E, unless it takes another big dive tomorrow losing the triangle to
the downside. If it breaks the Feb low could be a descending
triangle
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$SSEC - does anyone see
Posted by blake_20 on 22nd of Mar 2012 at 09:38 pm
$SSEC - does anyone see an inverse H&S forming on this index? LS formed in Oct. Head formed Dec./Jan. @ 2130ish. RS forming now.
Re Inverted H&S SSEC -
Posted by iwedat on 22nd of Mar 2012 at 11:43 pm
Re Inverted H&S SSEC - fwiw ive been following a similar set up on HSI
yes possibly, but you would
Posted by matt on 22nd of Mar 2012 at 09:42 pm
yes possibly, but you would like to see it either hold the 50 day MA or not go much below the Oct lows
What's your thought on copper
Posted by kalinm on 22nd of Mar 2012 at 09:49 pm
What's your thought on copper now Matt? If that complex e correction is the right pattern, should have bottomed, no? Interesting if that is the case for copper and SSEC is in an IHS pattern the two kind of go hand in hand.
While Copper is down today,
Posted by matt on 22nd of Mar 2012 at 10:05 pm
While Copper is down today, nothing changed technically with the pattern, it still could be an ABCDE triangle with this being wave E, unless it takes another big dive tomorrow losing the triangle to the downside. If it breaks the Feb low could be a descending triangle