xao

Looks like XAO is heading down to 5500 again and pulling down whole market.

US recession, high oil price, high cost of labor, climate change, interest rate is up. China will slow down after Olympic. People will tight up their belts, sell their shares to keep profit. FMG is very much over price and heading down to $5 or to half of $8.75. Just like PDN from $10.80 (Feb 07) was down to $5.09 (Aug/07). Then WMT, BLR, RAU and so on. So, from 1c to 16.5c without any drilling, can FDL keep moving up, up for ever? Triggered on 10/1/08. The CMO has crossed below its 9-day moving average. This is a bearish sign!

Good luck