RE:RE:RE:A good day was had by all ....
peak I can see that vacuum on the drop in fall 2014, however, I believe there was a perfect storm for iae to fall thru the usual technical resistance on that drop, oil was diving from over 100 to the 40's, the saudis had stopped supporting oil with cuts, people were fleeing energy funds and etf's in droves, on top of it iae was busy increasing debt, missing guidance and delaying stella. IMHO that drop was more fundamental than technical and flew thru resistance on the way down.
so to me looking at the charts and apllying fundamentals I only see it moving thru that "vacuum" if oil shoots to 100 ( good luck with that doug, lol) so I see previous resistance numbers coming into play especially in that 1.80- 2 buck range where it traded for about a year. just my take and the reason for it. i hope you guys are right and it blows thru, we shall see.
cheers ferret