Tuesday, March 20, 2007

The downtrend in the equity markets is over. It's not on the SPY chart, but even that will be clear in a few days. It's on the copper chart and EURUSD.

This is not healthy, but we're not doctors, we're investors. I wish the markets pulled back to some EMAs that had resonance with the 'goldilocks' uptrend. They didn't. What this means is simply we're in for another up-leg. When we crash from this one, likely in October, it will be hard: good money making opps on both sides.

First of all you have to get into copper. Even the federal reserve watches copper more closely than any of their own money supply statistics.

Charts later when I have more time.

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