Anglo American plc (ADR) (AAUK)

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Involved in the gold mining industry and the coal mining industry. Anglo American provides administrative and technical services to finance and operating client companies. Other interests include diamond mining and real estate services.

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Avatar wiredmotley (87.93) Submitted: 7/15/08 7:40 PM : Start Price: $27.39 AAUK Score: 27.96

This just came out of a two month consolidation period roughly 5/1/08 to 7/2/08. Since 7/2/08 the volitility started to increase and it looks like a panic sell off since then. This stock has crashed through it's 50 Day and 200 Day Moving Average on heavy volume (very bearish) and looks like it is headed lower. Currently it looks like the 200 DMA is the temporary support. The probability is high that we could re-test the January 22, 2008 support (low). There is now a negative RSI divergence that is similar to the one that took place in stages before the January 22, 2008 fall.

If you look at the Dow Jones Basic Materials index ($DJUSBM) things are not going well there either. Not only has this index come down hard on above average volume through its 50 Day Moving Average, but the RSI for this index has been showing a consistant 3 month negative Divergence.

Somebody knows something out there...

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Avatar jrj90620 (< 20) Submitted: 9/29/08 8:07 PM

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Great call wiredmotley.I'm afraid your line "Somebody knows something out there" is proving true.We may be in for some kind of world wide deep recession or depression.I writing this post on the day the Dow fell 777 points and NASDAQ was down the equivalent of 1000 Dow points.Still,I think holding U.S. Dollars may be very risky at this time.As the govt bails out banks suffering runs who is going to bail out the U.S. Dollar if/when a run starts on it?

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Anglo American plc (ADR) (AAUK)

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