longdong 63, asymmetrical H&S - Drooy
Don't quite see a symmetrical H&S, longdong, in the Drooy chart. I suppose if I squint and had you point it out to me I'd see it... thought the chart doesn't look any more robust because I can't. Accumulation Distribution is trending negatively, the PVO is negative, price is well under declining moving averages and right at the critical 200.
HGMCY fell from about $14.25 to $13.76 in the after hours....there's some getting out of the way going on there. Trimmed some GLG today, which was one pretty well up for a change.
stockcharts.com[h,a]dbcaynay[dd][pc50!c200!c20!c13!f][iut!Uf!Ls12,26,9!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G
Slightly higher prospects for the general equity market tomorrow ought to have the miners on the ropes again. Hey, the bottom is right around the corner. Beginning to think that left to their own devices the miners would most likely do very little till after the first of the year when long term capital gains will have been booked both at year's end and at the beginning of the new.
Currently 40% cash (mainly US treasury Money Market), 20% miners, 20% Canadian RTs. 20% other including E&Ps, two biotechs, and QLGC bought again 10 mins prior to close today - so you know my bias. Like Slider said, "less that 40% cash and I start to feel naked"....and that's a scary thought.
jims101 |
