4 year highest close., page-89

Hi hottod

A chart is good for getting an idea of what the market is thinking and applying the theory of probability to an event happening.

I suspect the past couple of days have been about getting the price back to the 20 day moving average which is around 22.5 cents. This should act as support for POH, though is not crucial on a medium term basis.

A particular favourite of mine is the RSI (go Goggle it if you are not aware of it's theory). This topped a couple of days back at 76 and has been sliding back towards 50 every day since. It's a good indicator to let you know if the SP is getting oversold or over bought on a short term basis (50 is meutral).

Enjoy the ride