will graphite go the way of rare earth?, page-4

furniture.............some great posts. I was one that actually bought very high. Ignoring what the charts told me.

Despite graphite being the new flavour of the month, chartists do have the strongest effect on share trading and always will. Candlesticks were created by the japanese to do just that.........allow peole to read the market and buy and sell accordingly. Even though we apply the charts to a lot more stocks now than the jap rice traders did the rules will always apply. Although, in the past 3 or 4 years our markets have broken rules and been influenced majorly by "bot" trading.

The pull back was inevitable and I for one quite stupidly broke all my own rules. Also many stocks take a long time to break through that 10c bracket as you immediately jump into a near 5% move with every SP change. The downward rebound is common and often takes three or more attempts to hold after the break through. Generally assisted by an announcement at the right time.

Yes MOX was overbought, but the pullback has occured and the global markets have steadied overnight and with confirmed assays and further news in the not too distant future the SP should bounce back and the fundamentals showing the graphite, manganese and iron ore finds within our tenaments should duly bolster the price.

Might I add regardless of the mining tax, it's good to see a junior on home soil with confirmed assays that are there ready for a transformation from an explorer to a miner.

GL all holders