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.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
Saturday, August 14, 2010
Past picks
Will a double digit trading share price for Taseko come to pass as predicted... the quality of the guru recommendation suggests, it is not if but when, support best buy 4.89.
For entertainment only.
SQI.v is looking strong. support best buy .34 cents
BKX.v is looking strong. support best buy 2.35 to 2.40
TBE.to is looking strong. support best buy 1.38
EVG.v (is ranging, was down, could reverse soon... it has moved above the 20 day average.) best buy tight stop mental .93
Looking back...
BKX didn't prove to be much more than a wild ride as of today, and without going into too much chit chat, looks to be heading lower, but for the nimble it provided a noteworthy swing.
SQI has been quite the performer, and promises to keep it up, but in the end, it will top too.
TBE has been dead in the water, however, when the broad market wakens, has a chance to recover.
EVG... Now here's a story of interest... From all the charting I have done on it, to the mainstream, the trend is down, but, using positive diversion to try and get the lead on a price move (price before volume) and considering the absolutely strong fundamentals, the only conclusion is that the price is being pushed down with underhanded naked shorting mixed in with some natural consolidation and a couple of non-conformitive mixes of trader flux.
Add in a new speculation URC.V and you have the two most recent purchases, that if one were to make the same move, would likely result in a bit better buy than I have managed to garner for myself. They look good for an up move of unknown distance.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
For entertainment only.
SQI.v is looking strong. support best buy .34 cents
BKX.v is looking strong. support best buy 2.35 to 2.40
TBE.to is looking strong. support best buy 1.38
EVG.v (is ranging, was down, could reverse soon... it has moved above the 20 day average.) best buy tight stop mental .93
Looking back...
BKX didn't prove to be much more than a wild ride as of today, and without going into too much chit chat, looks to be heading lower, but for the nimble it provided a noteworthy swing.
SQI has been quite the performer, and promises to keep it up, but in the end, it will top too.
TBE has been dead in the water, however, when the broad market wakens, has a chance to recover.
EVG... Now here's a story of interest... From all the charting I have done on it, to the mainstream, the trend is down, but, using positive diversion to try and get the lead on a price move (price before volume) and considering the absolutely strong fundamentals, the only conclusion is that the price is being pushed down with underhanded naked shorting mixed in with some natural consolidation and a couple of non-conformitive mixes of trader flux.
Add in a new speculation URC.V and you have the two most recent purchases, that if one were to make the same move, would likely result in a bit better buy than I have managed to garner for myself. They look good for an up move of unknown distance.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
Fast Forward
In the previous couple of posts, I suggested the standard method of portfolio protection would be to take heed of the go away in May (and the looming head and shoulders), and come back late fall. In particular, because I follow only the Canadian exchanges, this particular yearly phenominum has a consistent meaning. Had I filled the pages with what I consider to be wasted breath while waiting for something of note to print, the point would have been missed listening to myself patter on, leaving a huge pile of bung that would keep any person, who may have been reading i,t from making the connection to today's post. Alas, I'm sure it was a test of patience.
As well, I like to keep posts short; it seems that those of my persuasion like to be able to do the dirty without much reading, so that long winded posts often only get scanned with the real meat, often being mis-interptreted, which then leads to some newbie crack while eating glass from the crystal ball.
Therefore, I often break up posts with posts, such that each post provides the pause that refreshes. Buy my own measure.... it was certainly the right thing to do as the usual market drop occurred with startling accuracy, and as usual the mainstream cooked up a complicated scenario that would be their epitaph in hind site, for a happening that would have taken place without any speculation on their part. Talking heads.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
As well, I like to keep posts short; it seems that those of my persuasion like to be able to do the dirty without much reading, so that long winded posts often only get scanned with the real meat, often being mis-interptreted, which then leads to some newbie crack while eating glass from the crystal ball.
Therefore, I often break up posts with posts, such that each post provides the pause that refreshes. Buy my own measure.... it was certainly the right thing to do as the usual market drop occurred with startling accuracy, and as usual the mainstream cooked up a complicated scenario that would be their epitaph in hind site, for a happening that would have taken place without any speculation on their part. Talking heads.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
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