the world has gone mad..., page-34

t4p..

My only issue is to confirm a double bottom it has to breach 34c on strong volume (around 40% increase in current value). Resistance at 29-30c and 34cent mark.

Albeit their is low volume to 34c..i still think the change in sentiment in todays climate reflected in the volumes needed to confirm the double bottom is going to be hard to come by. MACD is below zero although a crossing of the signal and 12/26 EMA is potentially on the cards.

Still to early to tell? But i bow to your experience and am sure you can offer up an alternative view. Looks like the dow might close up on falling oil (amongst other things), which should help.

Either way I'm happy to hold and buy the odd parcel on the dips. In my opinion the market is mispricing this industry and the change will be quick and unforgiving for those who wait. Its fun but to try and analyse where to from here..