Historically, copper or oils move at the end ???
It is interesting to me in Stan Weinstein's "Technically Speaking" interview he was asked the question, "You spend a lot of time with industry groups. Have you observed a definable sequence regarding group rotation at market tops and market bottoms?"
Stan - "I would say that historically, starting a move, investors usually go first to quality - good blue chip - and then will fan out to the wildly speculative stocks, ....... At the end of the game it becomes wildly blue-chip again. This to me is a clearer sign than saying........... Historically, copper or the oils move at the end but it doesn't always turn out to be true. These kinds of thing can be a claptrap................. " Pg 447.
My observation - it might not be a clear sign or true this time but if you overlay copper and oil over the S&P, and if copper and oil foreshadow a top we are about to see the bull turn into a bear. (I've been wrong allot as I am learning but I find it fascinating the study of Weinstein's methods.)