December copper impulsed down violently on Wednesday evening and is close to confirming some new bearish targets.  If the futures touch 3.4140 while remaining below 3.4415, new targets will be confirmed at 3.3870 and 3.3325.  This occurs within an active bullish pattern on the daily chart, suggesting that a bottom-fishing opportunity might emerge from the intraday action, which is best viewed on the 15-minute chart.  The smaller pattern, if confirmed, would justify buy and stop orders placed $0.005 apart from each other, risking a hypothetical $113 per contract.  (Posted by Doug McLagan)  _______ UPDATE (2:44 p.m. EDT):  The futures moved the “C” point up to 3.4670 and then confirmed it with a sufficient decline, giving us new targets at 3.4125 and 3.3580.  We continue to like the idea of buying the midpoint and will leave the tout marked as actionable.  Again we recommend risking half a cent ($0.005) per pound of copper on the trade.  The stop should be below 3.4100. _______ FURTHER UPDATE (1:20 a.m. EDT, September 10):  Copper traded down to 3.4065, stopping us out of the trade before bouncing significantly.  In looking at the chart afterward we couldn’t help but notice that had we used the 3.5150 “A” point to the left of the one we did use, we would have nailed it.