Canadian Junior Resource Roundup Message Board

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Strategies & Market Trends : Canadian Junior Resource Roundup

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ayeyou

To: forbrydelsen who wrote (449)	12/17/2016 10:11:01 PM
From: Claude Cormier	1 Recommendation Read Replies (1) of 4478

Can I suggest that you should know, by now, that it is possible to rank probabilities of various events happening using, among other tools, technical analysis. The best recent example I can give you is OEE. TA suggested that taking some or all profits when the stock reached $0.40 made sense. TA also suggested that closing the gap at $0.23 was the next logical event. It does not always happen, as nothing is perfect. But TA can help. TA also helped in the case of CZO, ENW, PTE. and many gold stocks in recent months.... Same for gold. The odds are that the low is in place. Next in line is a small support at $1080. Then we retest the December 2015. And finally, the lowest probability is that we make a new low near $900 as Rarebird suggested. All these events can happen. But the probability is not the same with all. In short all events have a probability. It is a combination of fundamentals and technical analysis that can help you assign the best numbers. I know you believe that nobody can predict anything on the market. This is almost 100% through. But what we can do is assigned probabilities. Enjoy the markets.

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