the trend is your friend

Solid foundations. New horizons.

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rosehill

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the trend is your friend

posted on Aug 30, 2011 01:16PM

If you chart a trend line from June 20, 2011 to where we are today I estimate we will be at $1.80 in 4 weeks. This estimate assumes we follow the trend line we have established since June 20, 2011.

The six month chart is a classic V-bottom formation. We should continue on this trend. It was sold down slowly and it will be pulled up in the same manner. The recent news has moved the trend line up but not to the extent everyone expected.

Looks like we are following a plan. JMHO

rosehill

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