has this been oversold?, page-16

re: has this been oversold? chart Interesting chart - don't see a lot move like this. The support base theory worries me a bit because the support 'base is actually just a retracement level at 33c and it bounced off the higher one at 37c suggesting both are valid fib levels.

Trouble is - if they are then the ultimate fib retrace actually lies lower down at the 27c level with a bounce from 30c on the way down.

Think I will play it safe and wait and see for the moment.