Courtesy of Read the Ticker.
Two videos from RealVisionTv (Trade Ideas) suggested bulls may be returning to the red metal. We shall use readtheticker.com cycle voodoo to see if any cycles within copper can help us to a bullish theme.
Video 1 – Copper Metal (04/22/2019)
Video 2 – Southern Copper (04/29/2019)
Well lets see if we can find any cycle to confirm such bullish thinking.
First, we use our customary BARTELS math to find if any cycles fit the time series price data. The math was tested on daily, weekly, and monthly data, the weekly data gave the best results (see below the cycle weekly period 177). The BARTELS scan data for the weekly data can be seen in the yellow indicator box under the price chart.
The RTTHurstCycle cycle tool swings well (like a simple sine wave) only when the price data it self is acting within the cycle. The more the RTTHurtsCycle swings a unlike a sinewave, the less likely price is acting within the cycle. You can see since 2009 the price data and RTTHurstCycle indicator is acting well. Sure there is one cycle inversion in 2015 (learn about cycle lingo on this link here), but now it looks like a bottom is in and bullish thinking is correct.
We at readtheticker.com use Richard Wyckoff logic to study price bottoms (ie accumulations), and this work suggests a sign of strength to $40 is required to confirm bullish trend to much higher prices.
One cycle to watch, a price inversion would not be bullish.
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of Gann Angles,
Cycles,
Wyckoff and
Ney logic
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Investing Quote…
..“The market always tells you what to do. It tells you: Get in. Get out. Move your stop. Close out. Stay neutral. Wait for a better chance. All these things the market is continually impressing upon you, and you must get into the frame of mind where you are in reality taking your orders from the action of the market itself — from the tape.”…
Richard D. Wyckoff
..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..
George Soros
..”Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway”..
Warren Buffett
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…
Paul Samuelson
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history.”..
Charlie Munger
