jwensil
Long

BTU looking good long term

BATS:BTU   PEABODY ENERGY CORP NEW
280 5 0
BTU             - looking for bounce off lower trendline on larger timeframe.
Ok.. I think i got. Obama is set to pass the Keystone Pipeline very soon. If there is a shift from the liberal green base with a pass of the Keystone Pipeline, the President might also end the coal industry strangle.
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I'd wait for JRCC to finish off. Most likely a chapter 7. Patriot Coal BK was a big crush for the coal industry.
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knock QuantitativeExhaustion
JRCC weekly bar shows inverse hammer (bullish)? What do you think?
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snapshot


I see that. Coal is going to have to rebound hard in order for JRCC to extend and pretend
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