For what it is worth, MY OWN OPINION is that using technical analysis on IDC at the moment is a bit futile. Long term indicators will tell you it is a dud and very short indicators will probably suggest the same as well. There is no doublt that the SP has been increasing in the last 3 months and has recently fallen on pretty small volume. If you can get a firm picture of what's going on out of that you are better than most people. My own judgement is that we saw a recent drive on both volume and price on the basis of positive news being imminent. When it hasn't been forthcoming everyone has lost interest, hence the lower volumes and the SP slip. If we get some of that hype turning into announcements all those indicators everyone is trying to intepret will blow the green bulbs with a surge in the PV trends.
My problem is the news hasn't come, the milestones drift pass like bottles in the ocean and if there's one thing that p...es me off more than unfulfilled expectations, it's being ignored. Still no reply from SP.
BT
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