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S&P 500
5,099.96
(
1.02%
)
US TECH 100
17,244.80
(
1.57%
)
Dow Jones
38,239.66
(
0.40%
)
Brent Oil
88.17
(
0.00%
)
Bitcoin
63,648.68
(
0.37%
)
Post# of 704019
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hercules16

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hercules16

Re: clairesilv post# 388238

Wednesday, 05/04/2005 4:23:17 PM

Wednesday, May 04, 2005 4:23:17 PM

Post# of 704019
I took a look at a one hour PD chart and can offer an opinion (not necessarily a good opinion):

Personally I think it was a decent short at 86 (decreasing) with a stop at 87 or so. Right now the 60 minute chart looks more positive than negative IMO [positive MACD and money flow and some positive divergences (MACD, accumulation and RSI) not confirming the most recent lows].

I'm ambivalent on the stock fundamentally. If you think the copper futures prices are a good estimator of future prices it is undervvalued. If you believe that global economic growth will slow significantly than it is overvalued.





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