On another topic,... BAU 10/9/09 turned around pivotal 82.5c from 2 day retracement onto higher highs. SP broke below that today to close at 81c...
4/9/09 BAU gapped up 71c to 72.5c... I am not a big fan of GAP theory about Gaps 'needing' to be filled.. below that is some very solid supports of the mid 60s...65-66c...
Interested in what chartists can "guesstimate" where the SP is heading. Breaking 82.5c, its getting abit hard to find previous supports...but trading bands should help contain the downward move- they are widening now to 79c to 1.15 with embedded downtrend and low momentum the killer.
BAU Price at posting:
81.0¢ Sentiment: None Disclosure: Not Held
