Chemtura Corp (fka CHMT)

[fisherman2009]

Look at the chart since going into bankruptcy, where is it going? It's going in an upward trend. There has been no evidence to suggest a downward trend is about to begin. How many times has this stock pulled back after big gains? Every ride has a few bumps on the way. We are seeing nothing new with this stock. We will probably see the same type of action tommorrow I imagine. The upward trend for this stock that the charts depict hasn't changed because of profit taking. Profit taking is envitable during an upward climb, it's actually necessary for the health of the stock. If something happened to signal a downward trend we would be seeing much higher volume. At most this stock may drop another 10-15%, but if it does it won't be long after that before it resumes it's climb upward. I'm not a chart guy, but I do believe the upward trend shown by the charts will continue.