wow, you use technical analysis and have been building a LONG position in RIO?
thats pretty ballsy if i do say so myself.

26.2, dont even fudge it. the trend is lower, its due for a pop, but oil was
last week too...

In January it traded down to 24, but the lowest close was 26.85, which is now
the 200wk mav exactly. There's also a base here built last July. Yeah, I'd
expect it to hold here. I've been negative on this stock since it broke the the
trendline at 41, but I didn't short it because there was more bank for the buck
with BHP. There are potential negatives, though. The possibility of a rising
dollar, the EWZ being below its 200dy mav, downward pressure on basic materials
and commodities. I think we'll need to see this reverse to get more than just a
snap back rally out of RIO.