Dr. Coppper warming up

Second try



And Copper versus the general market.




Dr. Copper says Klaus Schwab will have his way.

 

Those charts are worthless nonsense

But good luck if they help you

 

Copper is warm every single day.

The day range easily exceeds 0.04 (1%) every day.
So it is excellent for day trading.

Dr. Coppper warming up
--->
Dr. Coppper warming every single day

 

OK, what do yo use to keep your sanity, not that I have any?

 

I just don’t see how 50 year charts are worthwhile.

Honestly, with the way the Fed has literally become the market since 2008-2009 I don’t think any Charts/Indicators that used to work still have much relevance.

 

Well, that's kind of the essence of 50 year charts,
see if engineers have ever been able to do on a small scale
what they say they can currently do on a large scale.
The FED is simply a facilitator, injecting capital when necessary.
The new FED capital is used to buy the materials to build the grid.
Kind of like saying the FED or anyone else is going to hit the next pitch
for a 500 foot center field home run.
But in reality the FED has NEVER even hit the ball.
Just whiffs, strikeouts.

There used to be a sportscaster in new York area
who would famously say:
"Let's Go to the Tape"
Meaning don't just take my word for it,
watch it for yourself.
That's the core of TA.

 

Warner Wolf was the Sports reporter