FCX – The Tell?

FCX is going lower.... you heard it here first. For those of you who don't know what FCX does:

Freeport-McMoRan Copper & Gold Inc. (“FCX”) is an international mining industry leader based in North America with large, long-lived, geographically diverse assets and significant proven and probable reserves of copper, gold and molybdenum.

FCX is putting up a very reliable pattern. One that shows the stock, in my opinion, falling well over 35% from current prices. Am I crazy? We will find out now. Currently the Sept. $33p are going for $.34. Tomorrow I will put my money where my mouth is:

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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