Cornerstone Capital Resources (CGP.V) Message Board

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Gold/Mining/Energy : Cornerstone Capital Resources (CGP.V)

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To: RMF who wrote (9)	11/26/2009 8:06:10 AM
From: TheSlowLane	Read Replies (1) of 63

I guess I should have provided some commentary with the chart although I think it is just you and me looking at it. While TA may be less reliable with small cap issues I have found it to be useful enough to continue using. What I have found is that the junior mining stocks tend towards deeper retracements than larger cap stocks. So I typically see large run-ups followed by retracements of 50% to 61.8% of the prior move. In CGP's case, we are close to the first Fib retrace level of 38%. Given the background conditions I think that this may be enough, so the chart is saying that there is a potentially good entry point here. Cheers! tsl

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