WSA
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0.00% $3.86 western areas limited

Mike,IMO its a dangerous time to be shorting. Not saying your...

  1. sheepdip
    418 Posts.
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    21/04/08
    17:12
    Post #: 3611581
    Mike,

    IMO its a dangerous time to be shorting. Not saying your wrong at the present time but your trying to pick a top when there is little to no evidence for one being in place for copper or resources in general.

    Can understand your bearishness re the global situation but the DOW has just broken strong overhead resistance at 12800. If it holds above that tonight then all the elements are in place for a continuation of the strong rally. Results and news out of the US have exceeded expectations in most areas so the market may be priming itself for a strong push upwards at the moment.

    Be careful!
    WSA Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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