Wednesday, June 29, 2011
Tuesday, June 28, 2011
A few Gold stocks
GOLD - After a 5 wave downside completion, looks like a logical ABC up move
CDE - 5 waves trying to complete, watch the ratio
AEM - positive divergence
ABX - held up well, watch the trendline over the Ratio
Some gold stocks have corrected 40% more, it may be early yet, just scouting this sector. I will also take a look at the Juniors as well
Monday, June 27, 2011
Goldman Sachs - potential wave count
GS chart
Goldman Sachs sure has been taken to the woodshed since Jan falling from 175 to 130. Here's a potential wave count; a wave 5 downtrend began in Jan and expanded into another 5 wave extension, however now there is some positive divergence beginning to form, therefore it's possible that this final leg is a major wave 5. Once the market puts in a bottom, this could be a nice swing trade
Sunday, June 26, 2011
Thursday, June 23, 2011
Wednesday, June 22, 2011
Rare Earth Stocks
MCP - Nice bounce off the 200 day MA, I hope some of you bought down there, however now it's struggling at the 20 day MA, so let's see if it can form a higher low o a pullback.
AVL - wedge playing out and nice bounce off the 200 MA, but let's see how it behaves on a pullback
HRE.V - energy is building
TSM.V - nice rally off the 200 day MA
