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PETREL RESOURCES.Independant Iraq Oil Company.10 target 2007/2008 (PET)     

lex1000 - 27 Aug 2007 16:59

Chart.aspx?Provider=EODIntra&Code=PET&Sihtml>

lex1000 - 22 Nov 2007 14:17 - 490 of 1154

.

Big Al - 22 Nov 2007 14:28 - 491 of 1154

Why would anyone wish to edit your posts? Seems pretty bizarre to me.

poo bear - 22 Nov 2007 14:53 - 492 of 1154

So why is this dropping back so rapidly, (sorry for not noticing till now).

Big Al - 22 Nov 2007 14:59 - 493 of 1154

Good question, pb.

cynic - 22 Nov 2007 15:01 - 494 of 1154

almost certainly for no good or even bad reason, but suggest you look at post 474 and the attaching chart

Big Al - 22 Nov 2007 15:09 - 495 of 1154

Very true cynic so I'll just draw your attention to the follow-up post from my mate.

"lex1000 - 22 Nov 2007 09:56 - 475 of 494
Cynic,graciously accept & agree with chart analysis.Chartists on Advfn including ex-market makers calling bottom above psycological 100p level.I have made suitable replies in all other respects.aimvho."


Seems chartists on ADVFN including ex-market makers are pretty crap then. Personally I'll stick with you and the wee flag around 90p to see if it holds. ;-))

Big Al - 22 Nov 2007 15:09 - 496 of 1154

PS - currently 95-97 and dropping fast. ;-)

Big Al - 22 Nov 2007 15:10 - 497 of 1154

Make that 93-96

lex1000 - 22 Nov 2007 15:16 - 498 of 1154

.

cynic - 22 Nov 2007 15:18 - 499 of 1154

i am no whizz with charts, but the ones on here are adequate in their way and are very easy to read and interpret ...... there are some much more sophisticated versions, of which the ones PTH uses are an example, and another popular but quite complex one beinhg based on GANN theory .... this latter is based on time angles and other funny things!

Big Al - 22 Nov 2007 15:23 - 500 of 1154

lex - it doesn't make me happy to be right at the moment. No doubt I'll probably be wrong tomorrow. ;-))))

Become your own expert on TA in addition to the other things. DYOR should not simply be something we all put on posts. It should be something we practice. ;-)

cynic - 22 Nov 2007 15:27 - 501 of 1154

i practice reading others' research when i can be bothered!

Toya - 22 Nov 2007 15:29 - 502 of 1154

Good grief - this is horrible! Thank goodness I sold at a good time for a change. What on earth is going on behind the scenes??

cynic - 22 Nov 2007 15:31 - 503 of 1154

i can see no reason for the precipitous fall in PET ...... so assuming there is not something sinister lurking and it is just a result of forced sales or computer triggers or similar, i would hazard that sp is within a copper or two of bottoming out and bouncing

Big Al - 22 Nov 2007 15:33 - 504 of 1154

IEC interstingly shows similar chart today and has bounced. Spooky.

cynic - 22 Nov 2007 15:35 - 505 of 1154

IG now quote 86/91 which is spot on the level i reckon should give support ...... not in buying mood myself, but i would be surprised if one could not deal well inside the quoted price, and would make an interesting punt, or at leasst better than many

cynic - 22 Nov 2007 16:02 - 506 of 1154

too clever by half .... it's now 94/97!

Big Al - 22 Nov 2007 16:16 - 507 of 1154

BOING!

poo bear - 22 Nov 2007 16:26 - 508 of 1154

Thanks cynic.

That's an answer at least (474)

hlyeo98 - 22 Nov 2007 17:57 - 509 of 1154

I guess Lex is facing his own funeral in PET very soon. Don't blame us that we didn't warn you. If you are smart, SELL tomorrow.
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