chart, page-20

Martin Im not being sarcastic but this argument happens on most Hot copper stock threads. If charting was just Voododo then Hot Copper wouldn't devote numerous specific forums to it - nor would they bother having the live xjo chart running to left of the screen under the login box.

If you do nothing else go and do some simple research into moving averages in particular the golden cross and the death cross. Without trying to give a fundamental reason as to why the chart is doing what it is doing I think its pretty safe to assume the market is pricing in the risk of the money not going in the bank.

I expect that we will see subtle signs of improvement in the chart leading up to the deal being consummated and then I suspect it will give a buy signal.

But honestly if you dont believe in T/A as Buddy has stated numerous times then just ignore all the T/A threads as its an argument cant be won T/A - V - F/A - Both should be used ( IMO ) and lots of market comentators agree,

I posted this a while back that pretty much sums it up.

Cheers Hoot

Padley Sink Or Swim !