FF
Only because it is Sunday night ... I wouldn't normally get sucked in to something like this.
I just noticed the 30d sma has crossed up over the 200 d sma sometime between 14-20/5/09 ... last time that occurred was about 21 days before the last peak.
If the pattern was similar that would make a new peak sometime between 5-11/6/09.
But the market was HOT last time and the rise was very steep. This time the track from the previous peak to low to now is a beautiful symmetrical "smile" and a sudden breakout often occurs with such a pattern imo. This time the market is likely to be more cautious.
I'll go with the nearest trading day to 17/6/09 ... which is good as I chose CXY as one of my shares in the June HC tipping comp earlier tonight.
Here's hoping.
Dex
Add to My Watchlist
What is My Watchlist?