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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, September 23, 2009

FCX 5yr weekly


A closer look shows it will not be a short till the trend is broken. Take note of the 200 week SMA at 65.45, a rising 5/20 week SMA, & and the turn of the 50 week SMA. ALL BULLISH.

One thought would be to get long above 73.30 with a corresponding cover and short oder below 73.

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