OTCPK:IEMMF - Post by User
Comment by
HDP18on Feb 25, 2004 9:23am
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Post# 7114529
RE: Backing off after a tripple top
RE: Backing off after a tripple topHowever, in the short term, all the technical analysts live for "tripple top/bottom" formations and act accordingly. It shows that in the near-term IMN has to consolidate. All the resourse stocks have recently backed off. The BIG question is the recovery in the USD or breakdown. Also the direction on interests rates in the US to "pay up" to finance their global commitments and lastly, the idea that the demand for commodities will continue and hence prolong the supply squeeze.