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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Uranium2007 who wrote (11118)	5/14/2007 11:45:00 AM
From: jimsioi	Read Replies (1) \| Respond to of 30204

Keep the faith Uranium2007...FRG down 4% Charts of uraniums not looking to well on my screen...in the short term...o Early in the proceeding, sold a few shares of AXU (down five days in a row and off 10% from its high) & UMN today, feeling this would be a weak day. I suspect it will continue to be so and for the week.. But we'll see; I certainly would like to be surprised on the upside, however I think we are beginning the summer blahs in resource stocks...and better prices for buyers await... It wouldn't surprise me to see a multi-month consolidation, lower in this sector...Valuations on the current and near producers seem rich and as for the explorers, it's a crap shoot...

To: Uranium2007 who wrote (11118)	5/14/2007 12:32:30 PM
From: chowder	Read Replies (2) \| Respond to of 30204

>>> Make no mistake about it....charts of the U's have no "bearish" look whatsoever at this juncture. >>> I respectfully beg to differ. The FRG chart is showing bearish implications in the near term. In the month of April, the down volume days were greater than the up volume days. This is a sign of distribution. An uptrend is a series of higher highs and higher lows. The first of May saw the first lower low. This changed the character of the trend in the near term. The rising 20 day moving average, which is must for an uptrend to continue, is no longer rising. FRG may rebound off the 50 day moving average, but the chart is clearly showing short term bearish implications.