re: has rio topped out for now?(chart) I get a major resistance line coming in at 37.50 guys , just incase u didn't see it .
Top of 41.50 and 38.50 .
Minor gap at 37.30/70 , interesting that it's half way between where the major line comes in .
From our bottom at 32.00 to first top at 35.96 took 28 days .
We are now 28 days [Monday] from the low of 34.60 but the range is a bit short .
Im not sure how the above is gunna play out .
My system breaks down until the first range repeats .
So am unsure of whether we even have a full range in yet .
Using a bit of Bill Mclaren philosopy note how RIO hasn't traded more than 2 days down in a row . I don't consider the bottoming pattern of 4 days down relevant .
Thought I'd throw the above in just to add to the confusion but it's all true .
But a big gap open tomorrow at any of the above numbers should result in some profit taking .
ge
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