Anglo American.....how much more?

Ok thanks Remo.

But looking at the charts, i saw a head and shoudlers in BLT,RIO,KAZ,XTA as well? Perhaps to the untrained eyes, these aren't head and shoulders?

Thats why i said about revisting lows.

longterm_view wrote: If £10 is possible for anglo american, does this mean we could be looking at 2009 lows again for BLT, RIO, XTA, KAZ? I realise they are all different companies but the same sector?

This isn't a fundemental question .

I will be looking at all of them in the morning, bit of work first!

Every chart is different.
I only saw a head and shoulder formation on Anglo so could not say how low the others can go

Had a quick look this morning at the mining charts.

It seems only Anglo American has fallen below its weekly uptrendline.

All the rest, ved,xta,blt,rio,anto,kaz are above it.

Please see the attachched graphs.

dl.dropbox.com/u/21384991/Anglo%20Americ...0Plc%20%28DFB%29.png

dl.dropbox.com/u/21384991/Antofagasta%20Plc%20%28DFB%29.png

dl.dropbox.com/u/21384991/BHP%20Billiton...E%29%20%28DFB%29.png

dl.dropbox.com/u/21384991/Kazakhmys%20Plc%20%28DFB%29.png

dl.dropbox.com/u/21384991/Rio%20Tinto%20Plc%20%28DFB%29.png

dl.dropbox.com/u/21384991/Vedanta%20Reso...0Plc%20%28DFB%29.png

dl.dropbox.com/u/21384991/Xstrata%20Plc%20%28DFB%29.png

Kaz looks like it could test the uptrandline at 595 and theres a gap on the daily at 596-605. Possibly one to watch.

If £10 is possible for anglo american, does this mean we could be looking at 2009 lows again for BLT, RIO, XTA, KAZ? I realise they are all different companies but the same sector?

This isn't a fundemental question .

I will be looking at all of them in the morning, bit of work first!

Theres a head and shoulders on this chart as well....

looking at your chart it looks like £10 is possible on anglo american.....

I have been watching AAL for some time and it seems like it has seen some proper knock.

How low can this go?

I have attached the weekly charts for some clue - although its proving tricky.
dl.dropbox.com/u/4385922/anglo_AAL.png

I have 980ish for BG which is also in the equation.