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Anadarko Petroleum Corporation Message Board

  • chimparoo chimparoo Aug 2, 2012 4:49 PM Flag

    APC Capitulation and Reversal

    If APC sees strength tomorrow am, I believe that will be initial confirmation that today was the end of the capitulation, and that today, mid-day, was also the trend reversal inflection (of the short term down trend from the past 3 days). And of course the opposite is true as well, for, if it continues downward movement tomorrow, I believe we will see a sell-off to at least 56-58 level, before deciding the next move. Tomorrow will be a huge confirmation day.

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