Can I propose the following analysis. In the big move up early/mid 09 we retraced smack bang to the 61.8 Fib line, being 71c.
I threw the fibs up tonight for the last upleg and today's retrace to 1.09 was pretty much right on the 61.8 fib line once again.
Was it Mather or Bizzell that bought at 1.08 during that first retrace??
For me the 1.08/1.10 represents an interesting juncture. Whether it plays out as a low or not will be another story...
The Bolli bands on the weekly said we were due for a sharp move, unfortunately it wasn't to the upside as most of us probably assumed. Happy holder though regardless!
Cheers Scott
BOW Price at posting:
$1.14 Sentiment: Buy Disclosure: Held