G'day Gaweb,
I'm self taught in a lot of my methods. When you say it is on a down trend, i agree - only over the last few weeks though.
I argue it is still on a strong up trend since July.
i argue we will be able to rule a line from July to today's close and the price will hold above this line.
I am prepared to put myself up for ridicule if my predictions of a strong bounce to high 50's doesn't occur, but in order to gain credibility, you've got to put your reputation on the line.
I have to say that in my own humble opinion I am extremely confident on this trade.
Thankyou for your comments and good luck in your trading.
Merry Christmas.
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