RE:So glad ...Cognition777 wrote: that the copper price is "tanking because of the Fed's promise to raise interest rates this year".
The certainty of that prediction and all of the other evidence posers (sorry, "posters") have spewed is exactly the reason that TA is a safety backup for investors if understood properly.
TA reveals how ALL of the EVIDENCE is affecting ALL of the INVESTORS's SENTIMENT across the ENTIRE MARKET...rather than listening to how a FEW highlighted FACTORS are affecting a FEW INVESTORS'S SENTIMENT.
Copper's next stop... $4.77
You're a smart guy chartist Cog, surprised that you never commented on our Elliott Wave posts. With your history of utilizing TA, thought you'd follow EW as well. Avi Gilburt's extensive knowledge on the subject is really impressive. You should read up on him at Seeking Alpha as his posts there are free of charge. Do yourself a favor and check him out, you'll be happy you did. This run up in copper just so happens to coincide with his current call of the SPX heading to the 5500 region before the next 15-20% drop. Blowoff top after that to 6000 region and then it's time to reverse course for a long spell of several years.