FCX, Freeport MCMoRan

Think copper and a little gold, in Indonesia. A one pony show, the green berg ;fcx aug 2011

I was speaking to an old friend about EW, and he said to me that he had trouble “seeing” the waves. I can see that. There are so many different ways of looking at things and so many different excuses that it can indeed be a very frustrating exercise , particularly the the time element can be notoriously off. It is more an art than a science, but with we have a very clear chart. The B-wave that we have seen in dozens of stocks is very prominent with . It is also now conclusive as, due to the overlap, it is virtually impossible that this will still develop into something else. At a minimum this will drop to $30, but I would expect a lot further.