One can easily see the triple mountain peak that occurs in november and decemeber and it seems to me that we are in the process of forming another. Look for a notable drop in the circled area.
I believe that the fib time series has served as an accurate indicator for movement in the past few months and I suspect it to continue until a notable change in volume/momentum (I believe this trend to change once earnings are released on 10/30). I expect to see a 3-6% jump in stock price around 10/21. Time-stamped, now the anticipation begins.
What can I say, I love meta coal right now and WLT is my pick in the meta industry. This is a fairly quickly thrown together chart, but I believe it accurately highlights what I find significant. I fully expect WLT to reach 18 to 22 dollars a share by the end of 2013.
From a strictly technical perspective, NOV has broken through its 74 dollar resistance level and if NOV performs as it has in its past, a quick escalation is soon to be expected, followed by an almost immediate descent.
