As I have said, the GRZ chart from 2004-2006 looks very similar to 2006-2008 and 3 months ago I strongly suspected that this downdraft could occur. This chart is so clear that it seems to be screaming out the next step. I also stronlgy suspect that down in Vz there are some pretty shrewd chart gazers.
If the charts are doing the same thing, we should have an upside any time now in the next 2-4 weeks and KRY would pop back to the 2 ish range.
What does this mean to KRY? At the end of 2005 KRY went from $1 to $6 in about 8 months. If we use the same multiple then it would go to $4.20.
Again, look at the uncanny similarity of the charts!