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Mart Resources Inc MAUXF



OTCPK:MAUXF - Post by User

Bullboard Posts
Comment by bows333on May 13, 2012 11:44pm
409 Views
Post# 19904561

RE: Disturbing chart

RE: Disturbing chart

Well... if this was a head and shoulders pattern, it would be bad news (if you believe technical analysis works), but it is an INVERTED head and shoulders pattern.  According to technical analysis (at least as I understand it, and I am not that good at it), this chart pattern should indicate a HIGHER oil price in the coming months, not a lower one. 

The problem, of course, is that nothing is ever quite as simple as it appears

bows

Bullboard Posts