**dead cat bounce?****, page-6

guy

I think what abuman was saying was that there are fundamental factors about to impact on the HDR sp - i.e. lots and lots of drilling. This to me is difficult to factor into a chart pattern. Sure the trend has been down for a while and we would have had some profit-taking with or without the "coup" ahead of drilling. This would have represented a natural retracement from over-enthusiastic levels - but it is unlikley that it would have broken the trendline with this alone. So, what I see ahead is not a continued downtrend (because its only broken the line because of the "coup") but a new uptrend - from a lower support level. Anyone have a better crystal ball?

H