Doctor Copper (?)

It's been a long standing relationship-Copper and the markets with copper leading the markets, thus called "Doctor Copper", however a recent article I read said that it's too widely known and too widely followed, anything that works too well for too long, eventually is plugged by the market. So is DR. Copper a correlation of the past? That's a question only the future can answer, but the newest correlation being hailed by hedge fund managers is "Doctor Lumber", unfortunately I don't know of any market tickers to follow lumber, if you do, please email me.

Here's an update for JJC-

 JJC vs the S&P (in red) shows copper has topped and bottomed at least 5 times in the last 2 years before the market.

 Here's the long term 3C 3 day chart showing distribution and what looks to be the end of the 2009 (MEGA Bear Market Rally).

 The daily 3C chart called the 2008 top, the 2009 bottom, the mini top associated with the end of QE 1, the bottom associated with the announcement of QE 2, the 2011 top and now a really nasty downside leading negative divergence making new lows...

 The 30 min 3C hart shows the accumulation in early october and the top of that move in copper, note copper is well on its way lower so if it is still Dr. Copper, you know what that means for the market.

 The 15 min 3C chart shows the same in more detail.

 As does the 10 min

1 min is trading roughly in line with the prie trend which is confirmation.

Again, if you know of a lumber index/ETF, please email me and we'll take a look.