How Copper Told A Bearish Story

March 7, 2012

MG132 (Morningstar copper industry group )

In several cases, copper makes tops before the market (SP-500) does (see A and B).

The big gap between the two tops in A was followed by a longer market downtrend.

At this time (B), it’s unknown whether the SP-500 top (blue) is a significant one or not.

In any case, the current delay between the two tops is smaller, suggesting a less important market fall from here.

 

How Copper Tols  a Bearish Story 3/6/2012

 

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