GREY:CCZFF - Post by User
Post by
Techsavyon May 09, 2009 1:12pm
324 Views
Post# 15980781
Trend Lines....
Trend Lines....As you know, we have been trending down for the last few years (ever so slowly) If you take a look at a 2/3/5 year chart, and notice the peaks (one day wonders) Feb 12 07 and July 7 08 and remove them (or leave them) You will be able to take a ruler or anything straight and hold it at the crest of the peaks (minus the one day wonders) You will notice a descending line right down to the 43 cent mark of the Chart. This is the down trend line that CCZ sp has honoured for the last few years. This past week CCZ sp has broken through with some force and is above it by a few cents. Watch this chart over the next couple of weeks and see if we can hold above this 43 cent level with some conviction. If so, we will have broken the long term trend, which was down.
Oh and, back the truck up