Current Trade

Saturday, August 14, 2010

URC.V

I watch Level II and get a feel for the trades as they move through in blocks... without the manipulation such as huge Naked shorting blocks, I think I have it down to a science that would take a person as much time as it took me to perfect. Maybe less, I think I can actually see the move.

Charting consists of the practiced use of the many tools presented on the main website.

I consider shares out... in this case reasonable, not bad not good...
Last financing... coming soon...
Resource estimate... better than most
Price... technically appears to be in the middle of a reaction bounce from a new low, (.10) and looks to have room to move, the bounce was quick, and the accumulation has been taking place in the .13 to .165 area, and as soon as the... consolidation pans out of the pop... it should move higher.

I have passed it through a gauntlet of chart studies, (20 in all), and, the majority show positive diversion and a leading price move, coming out of low volume, (bottom signal in this case) that on level II has shown only back fill patterns as of this post.

Charts indicate the up move is still intact, and over multiple chart studies, I am seeing multiple buy signals... the only thing I'm afraid of is NAKED SHORTING, AS THE UP TICK RULE NO LONGER APPLIES IN CANADA... SHORT SQUEEZES ARE DEAD.

Admittedly, August is the low of the summer doldrums... good
Admittedly, Technical analysis can be an untrustworthy friend in the doldrums, yet the relative price to the last high is in solid bounce territory for at least the short term. Ground control to Captain Kirk... get ready to lift off... there's no intelligent life down here.


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