Technical analysis also shows a downtrend. I think I need to build a strategy to profit from market up and downs. e.g. If there is a down trend sell at the top and buy the same position from down again. As you can see from the chart I could earn much money if I would apply this strategy.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIib-25ApV2xKqLhJAycAco6RS-rwB9I0p8QQHJoXboGL72MkG6qSPiJobhpDT00aYVttVafkP_pKMEEzsYbSYYEzte-_364JcjJztIhWN2eLoa1xyiH5h_4LVNRrInx3iTiRFDIdq-g4/s320/fcx.png)
UPDATE 03.05.2007: This stock is going upwards now. I think that was a short term down trend. I made a small research. I think this sector is still strong and fundamentals of the sector is not changed. this stock has still upwards potential. This down trend was a good opportunity to buy more FCX shares.
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