The TSX and Vancouver are showing some bearish divergence in the indicators while the price still bullishly rises broadly. We could see a broad spike in some issues and I would be suspicious of chasing or wether they (issues) will be able to hold the gains unless they are very solid. This suggests a consolidation at the very least in the near future as we get into the (summer doldrums) territory of buyers who bought halfway down, who are looking for any chance to get their money back. I would suggest playing with very strong speculative issues from here on until Nov as... "Go Away in May", is a tradition bread into the crowd as much as the doldrums are.
If your playing pennies and juniors... really try to play the dips to reduce risk.
Stink bids and the like.
I hear there is some speculation we still have a good drop coming but I think only a major war will bring a crash and as a geopolitical consideration that will affect the market, look to Israel and Palestine or/and Pakistan as the instigators. There is a lot of bad potential brewing. It's too bad but it's true.
At the very least this whole picture looks to good to be true considering the bad news roaches still coming out. Where there is one roach, there is more.
I would hate to be the big boys and trying to figure out if they should believe their lying eyes and pile the cash in or risk under performing for the year and stay in the bear camp.
At least in the pennies if you pick on low floats and debt... You could gamble right through a war and come out ahead if you were disciplined and cautious. Pennies move on promotion (greed and fear) as there is no fundamentals.
There is a condensed portrayal of my trading attitude, and it is measured against the picks I bring to the board and list in the Favorites list.
PS: I spotted a poker pop and took a position in LGO.V @.095 .... Poker pops from that level don't pshyc out until they are over .20 cents sometimes.
Wish me luck!
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