the next step, page-23

I was told about 1.5 years ago that ELM will be the "Paladin of Potash" and it is now 4 to 5 times bigger than they thought back then.

ELM is spectacular and as I write it is reversing after just 2 days of a retracement and forming a bottoming tail.

From the 16th March 2011 low of $1.75 to our recent $3 high we have only retraced to $2.59 which is not even at the 38.2% fibonacci retracement level.

Impressive after such a strong run.