I’ll admit that I don’t know much about technical analysis, but copper “soared” along with real estate prior to the 2007 downturn, then went over a cliif in 2008, bottoming BEFORE the stock market did. It stalled at a level far below the prior top back in mid april, before the current Euro panic. Looks awful to me.
The charts I found on copper look like it rose steadily through at least most of 2008. I’d’ve even almost thought people were looking to copper like they do to gold!