I first posted these Charts and comments on the 21/10/08 http://www.hotcopper.com.au/post_single.asp?fid=1&tid=761011&msgid=4217912
Here is a follow up check the Inds from the fist set of charts to these to see the progress and how much further they can fall..IMO.
Note $28.50 is the next level of Surrport??? but will it HOLD ???
As I said before I didn't think the 2nd level Target of the Double Top would be tested $24.00, but now I do as the 1st has been breached if it was going to hold that was it..IMO
Note the 50d MA is just crossing the 30d MA THIS IS THE LAST STRAW FROM A CHARTIST POINT OF VEIW..THIS HAS A LOT FURTHER TO GO DOWN IF THEY CROSS AND IT LOOKS LIKELY THEY WILL.IMO
As I've said before it will take time but it will be 90% to 10% it will happen.
Good Luck I hope I am wrong but can't see it..
I don't hold and the charts are all done on TA but it is looking like there is a FA problem..imo
Cheers Pete.
pps Note the fibs integrate with each other..
buy on the dips, page-28
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$308.23 |
Change
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Mkt cap ! $148.3B | |||
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| 3 | 37 | $308.20 |
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