Our bonus "Chart of the Week" is a weekly chart of copper, that metal with
a Ph.D. in economics. Copper has closed below the 370 support level, and this
is bearish. This is a reflection of global economic weakness. "Risk off" appears
to be the predominant theme amongst various asset classes. Proceed with caution.
Disclaimer: Guy M. Lerner is the editor and founder
of The Technical Take blog. His commentary on the financial markets
is based upon information thought to be reliable and is not meant as investment
advice. Under no circumstances does the information in his columns represent
a recommendation to buy or sell stocks. Lerner may on occasion hold positions
in the securities mentioned in his columns and on the Web site; in all instances,
all positions are fully disclosed at http://thetechnicaltakedotcom.blogspot.com/.
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he invites you to send your comments to: guy@thetechnicaltake.com.
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