Can Copper save the stock market from falling in price?
Copper lows have a high correlation with NYSE Composite lows for almost three years at line (1) above….when Copper hits a low, so has the NYSE since 2010.
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Now Copper is back at this support line. If history is a good guide, Copper needs to hold again at support to keep the NYSE from falling any lower!
While so many are focused on the “Fiscal Cliff”….what Copper does in the near term is more important than all the hype regarding this topic! Keep your eye on Copper right now!!!
Contributed by Chris Kimble, Kimble Charting Solutions
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Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector's Disclaimer, Terms of Use, and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.
