Hughjas,
I am not a great fan of charting but I have had a look and it seems to me that macd has been negative since 28th Oct but I may have got the calculation wrong. Since that date the (12,26) has been below the 9. I have set the macd against the sp for the last six months and to be honest with the benefit of obvious hindsight it tells me absolutely nothing other than something is going up and down.
From you last post you make it sound as though there has been some drilling going on whereas you said the other day that drilling would start next week. Having spoken to the company could you confirm either way. Thanks.
Chim
macd turning positive, page-2
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