For what its worth
I think this is the final capitulation,today or tommorow of the retracement.
The DJ coal index is poised for a run, after completeting a 1 month retracement and bouncing off the 500 level, and today other coal stocks are rallying as well.
remeber at 50c it was totally outside the bollinger band and every other sell signal was evident, but sentiment overshadowed all that, similar to where we are today.
as shown on the previous charts a sustained rally began after a retest of the breakout zone.which also coincided with a retracement of the DJ coal index, again exactly where we are today.
if the coal index rallys from here, CDS will likely follow as it has previuosly.
CDS
comdek limited.
