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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: ceejayt who wrote (202463)	8/11/2011 4:54:02 PM
From: stuffbug	Read Replies (1) \| Respond to of 312963

I looked at Kinross on the NY market. Chart looks promising. Recent Downside targets have been met. Stock could be forming a little W bottom here. It looks like we are coming out of a very large base Stock bottomed in May and made a higher low in June. The low from this past week was higher than the May low. So the stock is starting to make a series of higher highs and higher lows. In the July run up, the 200 day MA was taken out, and the down trend line going back to October of 2009 was tagged. Like I said, chart looks very constructive. That said, JAG will probably have a higher percentage gain because it is only a 5 dollar stock. But JAG looks to be overbought on the intraday charts. Wouldn't be surprised to see a short pullback in JAG back to the 5 - 5.10 area.