The chart says it all. I will be adding to my shipping drawer stock $NAT here. Maybe the shipping index truly has been an indicator of true global (low) demand coupled with an oversupply of ships and heavy debt but charts do not lie. People do. Funds should be adding to their positions down at this test of prior breakout support. We may build a long base, which is healthy. Add at the lows. I will still hold my (alert) stop comfortably below the 2012 low (not by a few pennies either). They may even try to shake out weak hands by taking out that low before reversing however I'm undaunted. Come on, bring it. I'll buy more at these prices as global economies begin to heal and M&A should pick up in this beaten up sector.
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