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Walter Energy, Inc. Common Stoc Message Board

  • nysfparachute nysfparachute Jun 7, 2013 4:18 PM Flag

    bubble to bust pattern fufilled today

    Just from a technical perspective, look at a 5 year chart. We went from 15...bubbled up to 140 or so, and that was the bubble. When a bubble bursts it usually needs to retest the ENTIRE other side of the mountain. It did that today. I think the odds now strongly favor a bounce. It won't rally strongly because no one wants it right now. The most likely scenario is a basing period where it goes between say 14 to 20 for months. There is SO much bad news in it, that any straw will rally it up to a point. A strong economic number out of China, signs that prices are steady and not going down anymore. At this point the slightest bullish data point will rally it at least somewhat.

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