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Message: Re: TA
TA
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Oct 04, 2010 10:34AM

I'm watching July lows to offer strong support, which is around the same level, mid-40s so to speak. Volumes are now extremely thin, which is another signal that sellers are getting exhausted. The weekly chart does not yet show a bullish cross, so confirmation of a longer-term uptrend is still pending.

Once that very important 53c level is broken, we are indeed going to see some good times. My estimation is that the April high of 83c is - worst case - two months away.

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