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Politics : Gold and Silver Stocks and Related Commentary

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From: TheBusDriver3/2/2005 7:50:06 AM
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We all know the FA for CKG but take a look at these charts....

CKG is coming out of it overbought condition quite nicely but it would be nice to see it bounce off the 50 line of RSI....ADX is showing the ST trend is weakening. It is possible the DI lines will kiss at RSI 50 and the next uptrend gets started off just like in Dec. Hopefully good drill results will be the cause. Could CKG possibly cover the wee gap at $6.20??? 50 day support is right at this gap right now as well....

stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!Ll14]&pref=G

The weekly chart shows CKG could come down a bit more here. Just coming out of overbought on the RSI. The ADX is showing a strong uptrend is still in place though. Overall a bit of a correction before news would not shock me.

stockcharts.com[m,a]waclyyay[pb50!b200][vc60][iUb14!Ll14]&pref=G

Hummm....I am tempted to place a snake bid.....just in case I am right for a change....

Bozo logic....don't shoot the messenger....

Wayne
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