chm defence, page-9

Technically if MMX drops to $4 it is going to drop all the way back to $3.50. Tomorrow needs to be an up day! A breakout out of the top of the current symetrical triangle at $4.36 gives a target of $5. If it fails to hold its current low start placing your buys at $3.50. MMX is very predictable with triangles and on the last two has broken out with the trend which in this case is up! All depends on the mighty US of A. I'm expecting the US market to break out of a symetrical triangle at 12480ish on its way to 13000ish.

Time will tell!