thanks jako,
now you've got me wondering how accurate the volume is on
the Stock charts site
http://stockcharts.com/h-sc/ui
type in $copper in the top left symbol box
i notice it is used extensively throughout hot copper,
eg. redbacka has used it frequently to illustrate
his take on what is going on, and that has always
reassured me as to its accuracy.
as has been pointed out the copper price has dropped
back to a strong support level of 3.45 / 3.48 while
avb has been trying to find a support /resistance level between 10.5 / 12.5 against the downtrend.
the copper 200 weekly MA is currently at 3.37 and rising,
which should come into play as a strong support level.
the 200 ma plus that long term support / resistance
level at 3.40 are about to come into play which should help avb to find that solid support level around the 0.12 area.
that 3.40 area goes back to jan 2010.
a big thanks to all the chartists,
makes a refreshing
read from all the ra ra brigrade's effusive optimism.
sometimes i feel im at a footy match watching all our cheerleader squad performing! not complaining !
we are winning!
dyor macgee
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