The ugliness could just be getting started in the big mining names, Chess n Wine says in...
The ugliness could just be getting started in the big mining names, Chess n Wine says in studying Freeport McMoRan's (FCX -3.8%) chart, where "unless bulls immediately improve the stock, [there's] room to drop below major, multi-year support with not much below until the 2008 crash lows." Charts for BHP (BHP -1.3%), Caterpillar (CAT -1.3%) and Rio Tinto (RIO -1.9%) all face similar setups, the blog says.
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