COPPER: Support @ the 200day SMA a 'cheap' buy?

COPPER Daily Chart: Close @ 03/07/12

Interesting 'way-point' for Copper (and perhaps markets in general - growth concerns) @ the 200Day SMA.
Failure here (below $3.64) would go along way to suggest the 'eager' bulls could be in trouble (yet again).
Support holds & the $4.00 ceiling should be tested again for a 3rd time.

NDX100: Apple @ -2.20% does the 'damage'...

NDX100 Daily Chart: Close 03/05/12

The NDX100 loses 1%, yet the McClellan Oscillator (internal dynamic of the market) actually gains 1.44pts...go figure.
Apple (AAPL) is distorting the metrics of the technical studies and THAT makes analysis more 'art' than science.

NYSE: McClellan points lower........huh!?

NYSE Composite Daily Index: Close @ 03/02/2012

Strange days indeed...............

Small Caps ($SML) were having 'none of it'.....

S&P600 Small Caps Index: Daily Chart Close @ 02/29/12

The S&P600 Small Caps (just like the NDX100 & Russell2000) is a 'risk-on' indicator.

As the chart illustrates, it's been having 'none of it' in the most recent push to new highs in the other indices.

Having said that, the pattern is not overtly bearish, unless we lose the 440 level, with potential then for a move to test the 200 day SMA @ 414.

THE WEEKLY: A Gold sampling..........

THE WEEKLY: GOLD Analysis (02/24/12)

The converging 50/200day SMAs was THE precursor to a large move one way or the other.
Today's (Feb 29th) 4% move lower is exactly the VOLATILITY the chart was telling us to expect.
Our bias has been lower for the Medium-Term, perhaps this is it?