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jonesieatl

06/16/08 10:49 AM

#4059 RE: jonesieatl #4058

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



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jonesieatl

06/17/08 12:13 PM

#4063 RE: jonesieatl #4058

Above $7! First time since Jan/Feb!

And on much stronger volume than back then too.

TIV solidly above the lower of the two downtrend lines in the descending triangle shown below , and threatening to break through the higher downtrend line to the upside ... nearly there.

Keep this up and TIV could be back to the late December '07 price levels in the high $7's and a little ways into the $8's!

jonesie