Weekly Copper chart analysis ;
1) Current pattern shows a clear head and shoulder, with a clear neckline level.
2) Once we get over that neckline, I have a target of 620 by 2012
While the majority of people are bearish on global markets, may I remind you that the market has a life of its own .....
Most often , mistakes are rooted not in ignorance, but fear ; fear of being wrong. That is why the majority is following the bearish crowd .....

The markets for some reason are much more sensitive to pattern repetition lately – so that begs the question:

“Will the current rally pattern continue?”

Oh – first, let’s define the rally pattern and then see what the current ‘pattern completion’ and target is.

Officially, we’re in a sideways trading range that began in June (or late May).

So far, the daily ‘rally’ pattern is the following:

Sorry, I think I accidently posted one chart without any text for this field earlier, it went to wrong place - purpose was to explain something for someone what swing size 1.618 means with one crab.

It has been bullish market over the week after monday last final small plunge to SP 1038 area. I see 1100 as a bit danger area but many chart are fighting with actual turns now. Pretty light, but still long with Visa and now with HPQ too.

What are market internals saying about the recent rally?  They strengthened with a positive divergence ahead of this week’s rally but now….

Let’s take a quick look at S&P 500 Market Internals as they stand now:

First, let’s start with the positive divergence signal sent on August 31st from Market Internals.

Pfizer Inc. (PFE) chart analysis ;
1) Probably a perfect ABC pattern
2) Price zooms fast, breaking above that red trend on huge volume, searching for "A" (we often see a gap up in these conditions).
3) Price then pulls back and looks for a reliable support level "B"
4) Price rises up again, heading to break above "A", we call this the "C" level. Watch the volume when the break out occurs.