Make that 93-96

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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!

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. ;-)

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

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??

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

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

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

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

BOING!

Thanks cynic.

That's an answer at least (474)

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.

wrong (possibly)! as a play, it may prove to be a good time to get in .... read the few posts above

FWIW I have never shorted PET nor at the moment do I have any intentions to do so. Some here watched the SP hit giddy heights last time around only for a catastrophic collapse to follow. No wonder posters are somewhat dubious about their credentials and ability to make the all important deal and even if they do it's a long way from there to move the oil and turn a profit.

pth

bear raiders...........are pilling in today again!

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While PET is certainly no pet of mine, i am glad to see that my call yesterday re support and bounce at 91 was spot on with sp now 107