In all seriousness, enrichj is a good chartist but has posed just one scenario: the bearish possible downside, based on repeating ranges. He's also made reference to the convergence of multiple moving averages, which sometimes is significant, other times gives false (whipsaw) signals and other times is rejected completely.
I've posted several charts in the last few months showing that the weekly formation is still intact. You'll note we're currently experiencing a backtest of the downtrend line, not unlike what's going on in many world indexes curretnly, FTSE, XJO et.al Time will tell and nothing should be dismissed.
TPL Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held
