Glenxtrata

dl.dropboxusercontent.com/u/7238706/GLENCORE%20XSTRA.png

Well the 123 didn't work out, yet; but there's still hope The SP is now approaching the 74.60% extension of the move down from, what I have labelled ( B ), at 399.00, so maybe that will prove to be the elusive '2'; if it doesn't hold, 254 that is, then I expect this to go all the way down to 205, being the 100% extension. I guess the lower it goes the better value it becomes. All just my opinion so DYOR.

Now GLEN is at 257p. I am sure this is one of the best companies to be in ISA for long term.
But where to start buying in is the issue...
Anywhere from current price may be good. what has the expert in here think?
ta
G

just in case you missed - Marc Rich founder of the original founder of the trading house in the 70s, and famously pardoned by Clinton on his last day in office, died last week - RIP.

this is what a 123 low looks like...

chartsview.co.uk/learning/123-Low.html

I'm confused - I thought the low was labelled the 1, the 2 is the leg up, the 3 is the higher low and the confirmation is the break of 2?

That's because it hasn't happened yet:) The post was to advise of something potential not history. 286 is the 1; 263.50 the 2. There is also strong resistance at 289.35 so best entry would be on break of 290 but DYOR.