Green Shoots(update)… Pocket 19% Gain!

Posted by Chris Kimble on 09/21/2010 at 1:33 pm; This entry is filed under Copper, Pocket Change.

On 7/12 I ask, “was a 20% decline in Freeport-McMoRan (FCX) enough?  (see post)

Breakouts of falling channels can be power, which can be seen in the green shoots update below.

Would take gains right now in FCX (19% gain after the channel breakout), as FCX is approaching strong resistance while creating a bearish rising wedge.  XME is acting weak currently.

Should FCX break resistance,  will go back.  Sticking with what has worked over and over…”Harvest at resistance!”

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