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Gold/Mining/Energy : Chesapeake Gold (CKG.V)
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To: Claude Cormier who wrote (647)5/29/2003 8:20:14 AM
From: Frank Pembleton  Read Replies (2) of 7835
 
You sure we're not in the midst of a pm bear or at the very least the start of one? Your only saving grace is that we're way above the 200 day MA but I'm not so sure. The chart is screaming for a correction and we could base at the 200 day MA. That area would gives us a nice double bottom. What about the seasonality of it all? That in itself would dictate the fun is over for the next couple of months.

Btw, I just performed a stock scan looking for simple bullish patterns and low and behold a dozen or so banks popped-up on the list. The banks have been leading this so-called recovery-- and all that cheap Iraqi oil on the horizon? It's even got Jim Sinclair telling his herd to use a tight stop-loss.

Regards,
Frank P.
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