BTU, Peabody Energy update.

btu oct 2011btu oct 24 2012

The then (a year ago)& now as usual. The stock did precisely as expected , peaking the next day at $47.27 but the stock only dropped to just under $19, shy of the target that we would have had derived from the big chart (see below) Given that the RSI and MACD are already very high we suspect that the sequence may not yet be complete. It is possible that we are presently about to complete a wave 4 with 5 still to go.

btu oct 24 2012 b

Teck seems to be following the same pattern, they are of course also in the coal business;

tck.b oct 24 2012