This FCX chart is developing a Head & shoulders Pattern. If price drops to 82.50 expect a surge down to 74 - 78 range be fore a bounce to higher levels . The long term trend (5 year)looks to be 95 - 100 by Nov/Dec 2007......keep your powder dry and wait for the bounce....will be last chance to buy cheap. You will also notice the classic Island reversal pattern...
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Tuesday, August 28, 2007
FCX
Posted by Neboxian at 11:03 AM
Labels: Chart Stuff
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