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We all know about the BP oil spill in the gulf of mexico.
The share price has been falling but at some stage sentiment could be over done
and it could bounce back.
Here is the latest chart. See what you think. The more it falls the more over
done the collapse and the possibilites for a bounce.
I remember the fall in Barclays from 800p-50p. When it finally bounced it ran
from 60p to 300p in 7 weeks as they realised things had been over done.
My colour charts kept you in the move all the way for the whole 7 weeks. Will
the same happen with BP at some stage?
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