Stock Tax Selling Last Day

Final trading dates for 2011 settlements

If you wish to sell a publicly traded stock to realize a capital gain or loss in 2011, please note the following final trade dates for orders to settle in 2011: Canadian Equities: 4:00 p.m. ET on Friday, December 23, 2011 U.S. Equities: 4:00 p.m. ET on Tuesday, December 27, 2011 Please consult your tax advisor for information regarding year-end tax planning. If you have any other questions, please don’t hesitate to contact a TD Waterhouse Investment Representative at 1-800-465-5463. We would be happy to assist you any time, 24 hours a day, seven days a week.

GLTA Lostoutwest


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Stock Trading a Charting System

Using the trading system pointed to in the upper right hand side bar successfully, comes with practice. As of today's date it should be understood that the market reversed in  late March early April... from there it was a broad market down turn.... the doldrums through the summer to Early part of Sept was decidedly down and sideways. In true fashion, September should have produced a seasonal rally, but in this case did not.

The trading system was selective by my own choices, however the system worked true to form and spotted the doldrums continuation quite realistically... and as such for me I have been out of the market for most of the period.. I did not take on short positions but rather played the social life vacation.

If you had been aware of the downturn as illustrated in the system... it would have been the time (at the top of the down turn) to adopt the shorting strategy for a long hold short in top heavy stocks, in truly weak fundamental stocks and most importantly a broad market downtrend.

A broad market downtrend, tends to throw the baby out with the bath water... Looking for these babies is what you should be doing now... when shorting is being covered, you should be moving into a long position.

This late in the game, taking a short position is a profit diminishing strategy, as well attempting to go long buying the dips in a down market is still a risky strategy because the dips often lead to new lows and if you are not prepared to sell on the sell signals (the sells are short entry positions)... you will get caught in the down trend.

A person who had traded properly at the beginning (shorting), would be preparing (at this point) for a short cover and buy back into a long position with some profit  to be on the right side of the market. They would not be trading often and if you're trading often, you are out of step with the system. So trading the system is easy to say, but hard to do if you trade emotionally. The system works best early in the cycle for either direction, long or short strategy applied.

The conclusion for today's post is that the system is tracking the extreme end of the down move and going long is not the strategy just quite yet... If the seasonal tax selling leads into the January effect, then it would be the timing to choose to look for a reversal to go long. Never underestimate how low a market or stock can go with sentiment trading as it relates to trend. If you're crystal balling... expect to eat glass. Select the buys as of this late date using caution and be extremely sensitive to the sells until the market reverses. Buying the buys cautiously and selling the sells aggressively will no doubt provide some profit and loss, but the average should be few points to the  good side until one of the buys lands in the middle of the reversal.

Not the best way to really play the system, but if you covered a short or are just thinking on entering and have experience, you could pull it off. Just My Opinion.


GLTA Lostoutwest


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Dilbert Online Trading

Thanks Dilbert

GLTA Lostoutwest

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Trading System

 Finding a trading system that works, depends a lot on your level of tolerance for sentiment... being your own devil to control... Many different sites that expand on the subject of charting as it applies to online trading demonstrate for the most part, some sound information, but are very dry and hard to grasp.

It must be terrible for novices... as well for intermediates alike.

This trading system incorporates trend recognition in practice and highlights trading triggers for swing trading for those that wish to take part in online trading gorilla style. In a nutshell... the indicator  (slow stochastic 50,1) which is actually the second indicator from the top is your indicator trigger for trading. Nothing is foolproof, and this trigger is one of many a person could incorporate...

So feel free to expand on it in your own style.

The supporting indicators you will notice give some advance heads up that some type of price action is in progress.

Market Timing

Markets change and so does strategy... hence, there is some need to reflect cycles from January to December seasonal timing.

Use this blog platform to research potential charting picks...   This link... that leads to an index of current charting studies selected from the Public Chart list to save you a lot of time doing your own footwork.

The biggest boost to the stock market comes from the end of tax selling where bargins abound  and...

Of course passing through the Santa Rally... Christmas to New Year

Leading into the January effect, the result of tax selling being exhausted. That time of year at least for the first 4 months of the year are typically good for Canadian markets... and marks the best part of the year for taking a position in your favorite strong speculative stocks... next...

The Summer Doldrums move in about the end of April through to and including the month of August...

With the period from the beginning of September through to the end of tax selling by the last day before Christmas deadline. This period also hosts a couple dark months such as October and November.

Check out the right side bar for newer and better organization with some new links to better focus for some research.


GLTA Lostoutwest


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Stock Trading Picks

Stock trading picks suitable for trend and swing trading are few and far between. Weeding them out leads to a style of swing trading that results in a system of trading that may not offer the amount of trades required to get some of the juicy low day trading commissions offered for aggressive trading schedules. If done right catching the reversal properly... it stands to reason that only one trade may be needed.. making the space between trading quite a gap.

I had a call (telephone that is)

This call was from a stock promoter, and we had a discussion on the present  market conditions... so shortening a long story... I  get as many as two or three a day sometimes, sometimes more if I am available to answer the phone... I always open up a live Level II tracking portfolio on each of the callers to track their mentions. It has been my experience that I often wonder what motivates them to call as much as they do in a broad market downtrend and promote buying a position to go long.

Bad Day for the Markets:

Bad Day for the Markets:

MDL.V in a trading range:

Medallion Resources is in what would be comfortably called a trading range that is positioned very low to it's last relative high. A green weekly trade triangle has just been issued a few days before mid November,  and it came up as an alert. I'm showing a nice looking Club chart. I'm also showing a red weekly triangle today... Patience... it could just be part of the trading range...    .14 cents has seen this type of flushing since early October, so at this point... I think we are seeing frustrated traders who moved in too soon... second guessing themselves.... with patient traders who like the same chart buying up the impatient traders... if we hold the .14 cents going into Santa's rally... this could a be worth taking a small position. If you have level II,
we are showing a slow motion teardrop.

 Micky Fulp has committed to holding his position until March 2012.

This leads me to watching closer on level II and playing around with some fun on the cuff charting of which most studies are supporting the other.

The volume is still low, so taking a position here would be potentially a low risk entry point in the .14 to .17 cents range. If your an REE fan, click on the link in the sidebar to see some charting for MDL.V... The Chart shown is the same one described in the Chart School.

I need to point out that MDL.V is a highly speculative stock and with Tax selling just gaining momentum... only those who have experience should make any choices with this stock. MDL.V is an explorer with projects. This not a typical proven stock that you would use Market Club to analyze, however the temptation to apply speculative analysis is intriguing... check out the right side bar for the MDL.V link.

GLTA Lostoutwest

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Stink Bid

It is that time of year where timing takes on special meaning... people's minds are on other things... stock trading has it's annual tax strategy... hard core traders are hoping for good buys.

Within this time frame, "stink bid" shopping comes off as a good possibility as capitulation may strike unexpectedly allowing for some peachy potential if you aim for solid speculative stocks.

Due to the bad market conditions, I have been taking a break, letting the market sort itself out. I haven't been visiting my gurus for a while and thought I'd check in on one of my favorites,

This being a portal to the better side of Online trading speak....

Wherever, and whenever I can find good intelligent speculative information, I do like to share... so without further ado, check these links for some experienced thinking The Grandich Letter , and while Peter speaks well, he has also included this link TopStockAnalysts in his article...  In the back of my mind the tune had been humming so I was a little elated to see that my thoughts and experience were in line with some really good talent.

GLTA Lostoutwest


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Taseko Online for trading

In the past I have seen this period (late November mixed with tax selling) sail through Christmas on Rudolph wings...

Not expecting it so this time... the market just doesn't have enough time to break up and put this bleak sequential down trend to rest.... not with the capitulation I expect in the final draft of the Tax selling likely to put pressure one everything that is crawling.

The Canadian indexes listed in first 2 charts in the Stockcharts Public List demonstrate very little to hope for in a positive direction short term.

However, I'm also seeing some support which should hold steady after the new year such that if we capitulate on Tax selling... there are a lot of issues that are in the trading zone if we only had a heart.

Let's keep it simple and work along the lines of it's a new year starting on the cusp of a potentially brutal tax sell which will be a good flush. The type of thing that begets an aggressive entry point when the crush of pressure is lifted.

Brush up on the fundamentals of your favorite speculative Stock... In my case I'm watching TKO.TO with great interest just moving into a support position as indicated in the below chart study link and the move is likely to coincide with the New Year,

$2.40 to $2.50 is the bounce area of choice in this chart Taseko Mines Ltd.

Taseko Smart Chart Analysis

Recent television coverage on the Native perspective to Fish lake took another pot shot at Prosperity.. considering the mood of the market and the day's leading to Christmas tax selling.. I'm on the alert for an entry point for a swing at the baby out with the bathwater in the middle of the Santa rally period or just into the early part of January. Be mindful of any spikes too early... they will likely be whippy, so chasing is not advised...

The support area is also a great point for managing lower risk as it is an area where the market should pause giving a person a bit of chance to feel out the move.


GLTA Lostoutwest

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On the otherside

This is creepy.... Technology is ever approaching the big brother status of truly being invasive... I wonder what the future truely holds!

Creepy Technology

GLTA Lostoutwest

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"Lost" but Not Forgotten

Lost but not forgotten is a mindset that is worth considering the meaning of in respect to small caps that are still surviving on strong fundamentals that propelled them to overbought prices in exuberance, now floating downward in an endless spiral of cleansing.

Lost but not forgotten has a quality that makes them good potential for long holds... provided they can pass the quality  test.

Even so... poor quality also has the potential for gains with the lifting of the hype and focused manipulation.

Coupled with the natural rising of prices without heavy profit taking from promoters, some lost and forgotten can be 10 "braggers" when they come out of the hole from a long down trend of nothing in the pipeline.

GLTA Lostoutwest

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Slippery Slope Tax Selling

This last stretch to tax selling is closing fast, and literally if the market doesn't snap out of this downward drifting, and in my opinion won't... until after the Santa's Rally...  Traders, most of whom will be of general public retail background... will be selling bad performing stocks in the last few days of the period just before Christmas so they can lock in losses for a tax strategy to apply against stock gains on holdings they are still holding into the new year.

These losses must be recorded in the current year and as the markets will be closed erratically over the period from Christmas Day to New Years... (which by the way is the period that is described as "Santa's Rally")... the quality or momentum of the drop will give some insight into the potential of the coming "January Effect" which is historically a general 2 to 5% gain reserved for mid to large caps if they are in the quality department.

Small Caps is anyone's guess. However, considering the length and breadth of the last few months... there should be bounce and opportunity for entry at very low risk points in the small cap arena.

GLTA Lostoutwest
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Corning Heads up for alternate investing

The worst Sept start I've seen in a long time.... the gap to tax selling is going to be shorter by a lot of time... (could be a "we ain't seen nothing yet scenario")... so a change in mindset to consider moving to quality at a low price for the long hold... this might include some otherwise contrary picks to pennies...

Take Corning for example... The PE is dropping as if they are going bankrupt... but not likely as the Fools put it... pays a dividend (the dividend) as well rumored to be rising...

Corning


GLTA Lostoutwest


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TVC.V analyzed

The attraction for TVC.V

-over 7 million in the bank ... nice
-potential for needing to finance is in the distant future... nice no surprises
-low price... right down at the bottom... verified in the charts
-level II shows accumulation with huge supporting bids against a much smaller ask... could be something that gets wasted pretty quick
-193 million + if you do fully diluted is not a concern... admittedly it would be nicer at half that... but, the 7,000,000.00 plus in the bank estimated for the end of the physical year takes the scare out...
- a JV would come with lots of warning and likely a higher price.
-the low price has not moved yet.... very important for making a lower risk trade with the potential to go long... so this a medium term hold with takeout potential...
-some strong fundamental considerations
-googling East Slovakia calms the nerves... no dictators and a friendly government with policies for developing home grown Uranium...

Having said all that... it comes down to some good pop potential that could produce a 3 bagger by Dec.

That article of the hostile HAT buyout got some people thinking and this stock price run is right at the gate... where she goes nobody knows, but from my perspective... it looks north from a pretty safe advantage from the technical look... it may even prove a good longer hold if the options holders give it some room.

TVC.V charted



GLTA Lostoutwest


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TVC.V

The uranium sector has had renewed interest with Cameco's hostile bid for Hathor...

A strategy to employ would be to consider takeover targets of note in a down market... the pop comes with the offer, so don't expect a broad market swing... TVC.V is worth considering due to it's low price...

Level II suggest strong support @ .105 on down... with the asks on a much lower showing suggesting a pop of some kind over the next 4 months.

Consider as well STM.TO

Takeovers

Any string of pump that makes sense under the present market conditions is worth considering to hold onto

GLTA Lostoutwest

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Smallcap Folly TMM.TO

There sure is a lotta talk out there....  so... I did a tiptoe through all my watch lists, and took a close look at the results of all the talk that was previous to the latest crash or doldrums correction... which ever you prefer to call it.

It leaves me to make this deduction... that talk is cheap, and walking the walk is non-existent for most of the parties (stocks) doing the talk... (promotion)

As well... most of the guru's promoting a particular stock have absolutely no charting skills it seems, (believe them, or believe my lying charting eye's), and in addition, they continue to talk as though they are on the long hold side of things which will all come out in the end.... which, if the talk was anywhere near true... for the majority of pump... we'd all be rich.

Truth is... looking over my Portfolios of watch lists I saw a lot of...

-  Name changes
-  Stock prices from the previous loudest talk... at near all time lows
-  Many of the issues no longer track in my portfolios (either changed name or went south)
-  In all cases.. the ones (stocks) that made something of themselves didn't make gains in the magnitude to prevent losses that sucked the profit to average gains of  -100% losses, or worse.

The moral of the story is that there is not enough people in the market.. and that broad market swings to the upside really contain very little of the retail populace... the swing is orchestrated by professional trading houses... and when they want to short... there is little enough resistance to stop them...

The long hold approach based on talk is a losing proposition... specially where diversification is applied to small caps.

The price of a stock has no relation to the talk (financials, speculation and projects) except that when the insiders (sellers) have enough profits to lock in... they will sell into the crowd ... when they sell all they need, and crowd has been flushed out... the Phoenix's rise out of dust in the magnitude of less than 2% survivors is those stocks that have captured the minimal supply of retail buyers that  swarm the issue.

For the most part they (retail investors) are in it by a lucky stroke based on solid speculation (there is a place for solid speculation).

The luck part is that the insiders have run out of paper for the moment and the lid is off the pressure cooker... hence we get those what the... Huh!... stocks that buck the down trend with all the bull board posters congratulating themselves on their unfailing love and prophetic insight. It really is a crap shoot.

I use one stock that illustrates the point   ,,,,,    NDM.TO ... even with the goods... the price moves to the tune of the insiders.

There are lots more good solid specs, but only a few investors to swarm them... so the reason for the long slow haul up after the initial pump becomes clearer.

Having said that I am now looking over TMM.TO which is showing an emerging trend...

In the next post which will be the lead into an updated chart on TMM.TO where I will expect that you have researched  the latest news reports so that you can connect the commentary on the chart.

In reality it is no way a comparison to NDM... however, how high the price goes is anybodies guess.

It's pretty choppy in a down market... but if the charting holds out... the best entry point if it can be achieved by targeting is 2.70 for the least amount of risk at a support junction.

It would have been nice to have been on it from the beginning, but the test for the moment has been the summer doldrums and it seems that the coming period has potential for more upside after this back fill.

It did a nice move off  $2.20... considering the market doldrums of which the paper seems to be ebb and tide of retail traders for the most part and if that speculation is true 2.60 won't break...


GLTA Lostoutwest

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Bottoming out

I had been expecting the middle of August would produce some insight via charting to speculate on some potential upswings into the shock and awe period of Sept. to December...

 It wasn't so.... hence the lateness in finding a reason to post.... and, here we are, into the first week of September.

Laying out some general feeling for the coming period gives a mind set....

October can be pretty spiky... and the final days to the end of December just before Christmas... the last trading day before the sprint between Dec 25th and New Years Day (Santa Rally) is likely the final day for tax selling strategy (bottom Picks) to be exercised...  moving into the January effect... the first 2 to 3 weeks of January... traditionally a period of about a 5% gain that holds for Medium to Large Cap stocks.

The above description has been morphing due to the maturing of On Line trading but, still holds some value in considering as a general guideline for the flow of things.

Having said that and, wanting to stay away from dry tedious prose for speculation where there is long paragraphs of justification (pump) for a pick... which we all know means squat in the big picture...  I have comprised the following list from the  Public Chart List... ... this is a browse and, not a selection that comprises anything but a precursory glance! These choices are made on the premise that at this particular time, they are between financing and forces of selling and buying are about equal and, the potential for an up move on some good pipeline is as good as it gets...

The basis for the choices are simple... the charts of the picks show positive diversion to the downward price move historically through this past period of summer doldrums... and have not participated in the most recent pop and shock... In fact they have been pretty devoid of any type of whip... holding a steady line of support for a few weeks or more... Hopefully there are some dips to catch that are low risk....

I have starred certain picks only because the choices marked have had historical NR's that suggest long term potential, and would suggest that if they survive some serious due diligence... there is the possibility of buying a dip for best averaging.

The trick is getting onto the ones that are free from heavy manipulation and, financing overhead, that are cashed up enough to move into the early spring before financing again. They should have a low float under 100 million (although not written in stone)... and, they should be project generators or downtrodden potential producers and/or actually producing... gold, Silver, Copper

With luck... any purchases will have escalating volume indicating that some type of swarming is taking place... In reality... there are few enough surviving investors to move the whole works and, it will take a broad market swing to produce anything close to moving a large percentage at the same time...   assuming the fundamentals hold up to scrutiny... the following comments and stars apply.

AHR.V
AMH.V                       (needs to be scrutinized, has a good looking diversion)
ARQ.V.............. *       (nice one to be able to bottom pick)
CHU.V
CMK.TO........... *
CXX.TO
DML.TO                     (nice one to be able to bottom pick)
EVG.TO
GOZ.TO............ *
MDL.V                        (nice one to be able to bottom pick)
PUM.V.............. *
SPA.V
STM.TO............ **      (for uranium this one is looking pretty stable)
TKO.TO                      (nice one to be able to bottom pick)
TMM.TO........... ***     (this one looks to be gold pick of choice)
XME.V..............          (could be some 100% gains off .10 cents over time)


Talk is cheap right now.

GLTA Lostoutwest

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Some Market Bounce

Posting a lot of dry technical analysis is something I consider a waste of time... continually updating a down move blow by blow, tedious. Trying to pick up moves based on charting... a losing game dictated by the average of winning trades that a person can make when the broad tide is against them...

I'm not an expert... I have a thick skin listening to the talking heads who make all kinds of evaluations that trap the inexperienced into buying the illusion. I am often absolutely amazed at the amateur commentary put in the media, and how it is often so contrary to what I'm seeing in the charts.

A person really has to learn to see through the inept expert commentary from people who's only credentials are... they have the job to be a talking head
.
The last portion of the comment above is taking aim at the most likely reason for many people who report a lack of success using charting for picking up moves in down market.

In a down market... bullish indications are nothing but bull traps for unsuspecting bulls.
Even though I have a great interest in the subject of online trading... the action is where everybody in the know wants to be. Saving the chatter for the right time keeps the train of thought focused (in a contrary way) as the eye of the storm passes by. The posts leading up to this point don't have a huge gap of chit chat burying the posts that really count.

Having said that is an attempt to justify the void of posting where the idea of keeping the train of thought is front and center.... not losing sight of the moves with the journal of action up to date to the time of the broad market down move leaves the continue episode of the summer doldrums cycle still only a few pages separated from posts that will start to pick up as the middle of August approaches...
Time to start looking for bargains...

A caveat thought though... Now the Us is flirting with default... the press is playing the hopelessness of the situation... with a solution at the last second unknown... be prepared for an illusion bounce as the Obama white night syndrome plays out... or the final fork in the side that is the true act of capitulation we have been waiting for.

The beginning to the middle of August would be the time I would make the play to manipulate the market if there was any truth to the consortium of conspiracy theories commanded by those who have the power to....

Double bottoms on the index charts please.

GLTA Lostoutwest

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Ain't it the truth

At a time when we are moving into  a stretch where the best market timing for taking trading positions is setting up.... there is no one left to set up at the right time...

It proves a point of human nature in that most traders wait till the uptrend is almost exhausted before they garner the courage to take the dive...

Gurus and hot tips have almost disappeared.... my email database has slowed to a trickle for the amount of input from the regular sources... Capitulation ( the last sigh of defeat)  has moved in....

Schools out for most of the N American Continent and for the next month and a half... it is probably one of the most on average hardest times to make short term trades work in a game plan....

I'm seeing a couple of... did you see that trades... the kind that are woulda, shoulda, coulda!

With the middle of August closing in...  It couldn't be better for taking the plunge.... choose low float... under 100,000,000... low debt, money in the bank... and multi projects in safe jurisdictions... just turned producers...


GLTA Lostoutwest

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CDNX

In the previous post the two links lead to dynamic updating charts of the CDNX and The TSE.

Checking out the two links there is some evidence of MACD positive diversion
in the CDNX chart.... still though... it's effect should be prolonged due to the eye of the summer doldrums... July, August.

The TSE on the other hand still points down... (no MACD positive convergence.)

While not a 100% guarantee... our target for a market bounce in both exchanges... with a little leeway... is the middle of August.

It is possible to run into a singular issue that may buck the trend and good luck to the pick, but as an averaging strategy that relies on the best 7 out of ten to maintain a portfolio winning streak... the odds are way down.

In a down market bullish buy signals are not trustworthy... in fact topping signals are the pick of choice for bailing or taking short positions... however, we are entering the bottoming stage of the broad markets and likely the best strategy is to be sidelined for the moment.

GLTA Lostoutwest

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Sometimes it helps to get your market legs from the shoulda, coulda, woulda mantra which relies heavily on hindsight... this hindsight demonstrates a different chart style that is one of many that a person could employ as a matter of preference... if the picture is one of a more compatable view that works better.... use it as a basis for your own chart studies...
As the theme is about trading timing and stepping in line with major market moves as a strategy for going with the flow to up the odds... here are two links to charts demonstrating market swings....

CDNX chart study

TSE chart study

Here is a snipit of the top portion...

Check out both links for detailed studies!

GLTA Lostoutwest
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Resource Clips Watch Lists

7 Lists

"Resource Clips", a research and promotional Website Watchlists.



GLTA Lostoutwest

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Bullion Bulls

Fall Rally.......... China new stimulous... should start earlier this year!?


GLTA Lostoutwest


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The "State of the Union"

Probably not a fitting title.... but I like the "state of" part....

I'm seeing a lot of volume which is a double edged sword.... it is a mix of dumping (capitulation) and accumulating that signals a bottom is near, where double bottoms in any issue would be areas of consideration for low risk entry... charts are indicitive of oversold... but dead cats lay everywhere... there could be some thrashing overall however...

A quick look at the Stockcharts Public List shows a very oversold "state of".... and we haven't finished May yet.... Over the holidays the state of the natural condition of the Canadian market will swing to the "vacation state of" mind of the North American continent which includes government officials who would maneuver licenses (gonzo spending taxpayer bonus money on high profile vacations where they cry in their cognac about how they are fighting the good fight and not getting paid enough)... along with many ordinary citizens who should be just about relieved of their money in this downturn to a "state of" they couldn't participate en mass in a rally if they wanted to...

Still there there is enough deep pockets who can manipulate a summer spike on low volume and the hammer it down on profit taking... Bull Bait rallies.

Some issues ... not as many as in a full blown market move... will manage to hold their gain on solid fundamentals, but they will likely have been oversold for months going into the the summer doldrums rather than have been issues that have taken the swan dive bouncing on momentum.

From a short trading perspective this is a slippery slope and any opportunity to take some off the table should be an opportunity not wasted.... In other words the odds of landing on a solid sustained uptrend in a Small Cap is way down as an average to bet the farm on.

It is getting interesting for some attractive buys on solid no debt, cash in the bank, low float, multi project issues heading into the the doldrums for the final stretch coming late August early September. The market, although yet to prove it, is moving into a cycle more apt to trace a more traditional seasonal transition through into next year.... something that may offer a more traditional type of expectation to try and surf...   we might be able to plan for  a decent tax sell, Santa rally and a January effect more robust than we have just experienced.

Over the next 3 months sweeping out the watch list looking for long holds rising out of the carnage will be a project... keep in mind they will be small Caps and as such have a 90 % chance of being mediocre at best... and anything that is actively placing on foreign soil may be considered, but not acted with confidence on as the middle east is anything but changed for the good. (JMOP)

This is probably moving into "State Of" one the best times to go shopping for solid speculative fundamentals in safe jurisdictions....  this type of "state of" is where the new promotions come out of ( definitely fun to ride) but also where the solid fundamentals are left for the dead... and as the promoters move on to new names... leaves the carnage to develop investor style...  which I have seen some real solid moves on sustained up trends bereft of the choppy momentum that trademarks manipulation...  As was such demonstrated when the bottom came in on the last downturn... and also included the the last go away in May. The silver lining is close.

 GLTA Lostoutwest

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Interesting analogy

Compliments of Jim Jubak.... The silver crash .....

Silver crash


GLTA Lostoutwest


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TKO.TO.......UP on a ringed bottom

Yesterday we had a ringed bottom.... my buy on the Friday was shaken loose in the volatility... such is luck. Picking a bottom for a swing is a different mentality than taking a long position ...

Today pre-open is as high as 5.20 with nothing between it and 4.90, but that should wiggle around just near the open,   ........ making a buy 5.20 if it still holds.... at this point is asking for whip... Statistically 4.66 will be tested within a month... Price wise... there is no solid indication that we are witnessing a reversal as much as can be seen in charts... price always moves before indicators... in all cases...

Looking over this chart there is no indication other than an anticipation that we are near a medium term reversal if it develops.... in the meantime a swing is in progress which should regroup (thinking summer doldrums and general market consolidation) for a textbook lower bollinger higher low. If this was to occur late summer it would be all the more solid.

TKO.TO

However a ringed bottom entry point does illustrate a higher than average swing possibility.

A long position would be more with a lower bollinger (higher low) touch or near it to be the ideal conservative spot to move in... TKO is a whippy prospect... and as such the fundamentals are important to maintain a good attitude as it throws u around...

It is my opinion that this would have been a good swing and I would have been selling in this area 5.20 and higher on the toppy signals like a doji candle with churning. A gap like this is asking for some profit taking.

7:24 - 6 minutes before the bell Level II

GLTA Lostoutwest

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