Re: Technicals....
in response to
by
posted on
Jun 15, 2010 04:41PM
What I'm looking for is for the RSI to find support in the weekly chart on the Aug/09 low. This means that there could be a little more weakness before we see the first buyers returning, if no support is found in the 35-40 zone (RSI, that is), then the longer term bullish trend is broken and that may be a good time to sell.
Needless to mention that my preferred scenario is for CMM to bottom out quite soon.