TCK.B , Teck and FCX , Freeport.

Back in January we recommended this stock be sold when it was trading just under $64. The target then was at least $32 but perhaps a lot lower. Here is the chart, now and then;

TCK.B June 2011 tck 2011 1

Should the stock drop just a little further overlap will occur making it almost a certainty that the leg up from the lows was indeed a B-wave, the lower target of $3 will then become more plausible.

If correct one would expect Freeport to look rather similar, it does,now and then.

FCX june 2011 fcx 2011

See previous blogs. Overlap will occur at $45 or under.