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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (48210)	7/4/2012 3:42:36 AM
From: Johnny Canuck	Read Replies (3) \| Respond to of 70601

Not seeing the volume acceleration I would like to on PSN.TO. Resistance on volume by price at $14. Nice jump in volume on RLE.V with it crossing the 200 day SMA today. GRH acting like it is waiting for some event. Even the recent announcement of a new contract did not get it to move. BNP.TO looks like it has run out of steam short term. Lower volume today and approaching a volume by price resistance level. A slight pull back is in order before it moves higher. Stop loss at the recent low. No real volume on the sell off or the bounce on PPL.TO. Volume by price resistance level just above this level. I can see concern on this name if oil sands development slows in light of lower prices for oil. Fracing and other sources become more competitive in comparison to oil sand sources. We need to see interest in SU.TO as it is a surrogate for oil for many US investors. We got a nice gap up with increased volume. Nice rebound in CPG.TO a yield favorite for Canadian mutual funds. It looks like not a lot of new positions being taken though as the volume has been pretty consistent.