india begins imports of iron ore!!, page-2

Good article, Mike .... kinda vindicates my long positions in both RIV and RIO. Both stocks are looking good from a technical perspective.

RIV has broken convincingly through the key $6.50 level on expanding volume and the s/p is comfortably above the moving average .... and MACD is rising - all bullish signals.

The strength of the run in RIV could see it challenge the $12 resistance before too long ... I intend to stay with it until the current strong trend reverses. ( The JBH saga is a good lesson in staying with the trend and paying heed to technical signals).

Good luck with this one, Mike. I reckon we could be on a winner.