Heard about the “Fiscal Cliff” lately? How many times have you heard it mentioned in the last few hours? Is the media coverage about the “Fiscal Cliff” causing investors to look or focus in the wrong direction for clues to the market’s next significiant move?
So asks Chris Kimble (http://blog.kimblechartingsolutions.com) in edited excerpts from his original post* entitled Listen to the hype surrounding the “Fiscal Cliff” or the message coming from ole Doc Copper?
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below to some degree for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.
Kimble goes on to say, in part:
Copper has been a pretty accurate indicator to the overall direction of the S&P 500 for the past few years as the chart below so clearly illustrates. Each time Copper has hit support line (1) in the chart above, the 500 has been at or near a key low as well.
CLICK ON CHART TO ENLARGE
Keep your eye on this support line in Copper, as the odds are high that the message Copper sends is much better indicator about the future of the markets, than the hype around the cliff!
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Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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