ANR, daily
ANR, weekly
The bigger picture is one of true horror. You can see the 2008 commodity boom - that imploded violently, and we are right back to those crazy lows.
Summary
The coal companies are already beyond the destroyed stage, and yet with Sp'1380 - and likely near term downside to 1340/1300 (if not much further), ANR..and others look set to break new historic lows.
Were a major market down cycle to occur (sp'1150?), we would arguably see most of this sector lose another 30/50%. The horror indeed!
*next earnings for ANR, pre-market, Thur' May'3
