FCX BREAKOUT

We need large volume to emerge if breakout is to happen but overall strong technicals. If breakout fails, we have support at 110. First upside target is 140.

Copper Inventories

Copper inventories have declined. Look at the rise from Aug to Jan - about the time of the global hiccup. Inventories back at levels where strong demand fundamentals are driving price - (demand pull inflation)....http://en.wikipedia.org/wiki/Demand_pull_inflation.

Oil keeps the world moving.

Steel keeps the world standing.

Copper keeps the worlds water flowing.

VIX vs. DJIA

Looking at the VIX(measuring volatility) vs. DJIA, we can see the volatility has broken down and the buying in the DJIA is for real - Look at the volume down here. Look for markets to cool off for a couple of days now - look at the resistance, and coincidently, the Fed meeting soon.

To begin...

Pollux Technicals will be nothing more than an attempt to understand the thoughts, ideas, and strategies that shape the trading in todays global markets. Using Technical Analysis, accompanied with -





:thoughts
:charts
:commentary
:pragmatism
:weird diatribes
:randomness
:attempts and fails
:ideas
:patterns
:more patterns


etc.





-this blog will attempt to make sense of the ever so complicated seas of globalization.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2591733

Above is a link to Pollux Technicals. Good (calculated) Luck!