Can those of you who are calling on 1.50/60 back this up with some sound Logic.
There is small support arund 1.80, but we are closer to production that we were when the SP was last at 1.60 I think the recent dusters have taken most of blue sky price already out of the SP.
Alexander mentions in his seminars watch out for the Hounds of the Baskervilles. This refers to a situation when a super-strong signal (In this case a sell signal) doesn’t pan out, it shows that something is going on. If Labeida turns out to be a duster and it doesnt sell down as many of you expect, go long and hold on to your seats.
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chart for those interested, page-21
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