Monday, June 16, 2008 10:49:43 AM
Long-Term Downtrend Being Attacked Again
The chart below gives a longer view than the previous one and perhaps illustrates more clearly how persistent this downtrend has been ; at the same time it shows how significant breaking it to the upside would be.
There have been three previous attacks on that downtrend line in the last and a half ... perhaps a confluence of Russell-addition-buying and verifiably increasing production will make the fourth try successful.
JMO - jonesie
The chart below gives a longer view than the previous one and perhaps illustrates more clearly how persistent this downtrend has been ; at the same time it shows how significant breaking it to the upside would be.
There have been three previous attacks on that downtrend line in the last and a half ... perhaps a confluence of Russell-addition-buying and verifiably increasing production will make the fourth try successful.
JMO - jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
