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  1. stefanis
    1,065 Posts.
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    18/05/09
    11:56
    Post #: 5148396
    Hi El

    I will pick this as close to the bottom of this retrace (we could see .38 imo).

    The previous two retraces were close to 20% off the top which is close to where we are sitting now from a high of .475.

    One proviso obviously is the copper price. LME still coming down but is it possible copper could fall to 1.80lb? Who really knows it can only go two ways...








    PNA Price at posting: 38.8¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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