POT - Potash Analysis 9/03/08 - Potash ( POT ) technical analysis Sep 3, 2008

Pot Potash Technical Analysis Stock Chart

Pot has broken down severly yesterday 9/02/08.  Potash gapped below its 200 day moving average which is very bearish.  I would expect the previous low to be tested at $157.  If this holds, you could get a solid reversal and this could be a nice long term bottom.

Pot is in a clear downtrend, all rallies should be sold, and major dips should be bought....if $157 is closed below, you could see a retest under $150 which I would buy heavily!