FCX

I've been keeping pace with FCX for a while and have made two successful short trades in it in these past two days, and here's my case for lower prices from here:
Since highs back in June of '08 FCX lost over 87% until finding support in December and has retraced 50% of that move since then.
Looking closer, recently price narrowed into an ascending wedge. Today price tested $73 throughout the morning and failed.take a peek closer:
Now let's look at the fuel that drives price (volume).And finally add in the 3/10 macd
and last but not least, a 15-min chart, the Red & Green horizontal lines are tomorrow's Resistance & Support pivots.
Further upside needs fuel to carry it there, so if it's going up in the next week look for volume to confirm. Otherwise, this thing may start to fall fast.