chart, page-20

Well, a couple of weeks on and unfortunately we have bounced off the long-term trendline.

*/ We are currently sitting on the 50% line of the recent rise with a local high of 32cps. This 50% Fib line at 25cps might provide some support for a little while as it has done before in the second half of June.

*/ Below that we have a gap lurking at 24cps, incidentally (but not surprisingly) this is the corresponding 38.2% Fib line.

*/ Below that we have weak support 21cps, and finally strong support at 18.5cps.

Unfortunately, my best bet still is a retrace all the way to the bottom at this stage. If nothing else it would provide a buying opportunity for those who continue to believe in the fundamentals of YTC.