23 July 2009

Copper : Whipped

  • Notice on weekly - criss-crossed 221.40 5 times before current impulsive push higher
  • Would have required strong conviction about uptrend to remain long (even "fuzzy exits" would have been stretched)
  • Even stronger conviction needed to re-enter long above 244.60, after having been chopped around 221.40
  • Square and watching in frustration
  • Consider buying a pull-back towards 244.60 now (last 251). Probably won't do it. A bad miss.
  • What does this uptrend say about Risk Taking, AUD, China etc?

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