A quick meander through the Public chart list shows the wisdom of taking some off the table... Gold is being subdued accross the whole watch... which leads to this potential runnaway...
WPX.V Poatash... making a short squeeze reality... may provide opportunity on Monday with a low open because the move was on buy on stops... that means the volume was not made up of exuberant chasers, so the open may not be exuberant.... so a low open is possible meaning the shorts may be wary and if the volume keeps up, it may breakout and shake the shorts confidence.... the fundamentals are pretty decent, and a recent financing though short of the mark.... was pretty solid anyhow... I will be looking for a trade on Monday...
Because buy on stop runs can be quick and whippy... it would not be advisable to chase, but bid low off the open, and be cautious... don't buy a gap............! ........it's bad luck.
Check the ADX Trader Gallery...!
GLTA Lostoutwest
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Saturday, January 15, 2011
Thursday, January 13, 2011
The TSX and Venture
My own charts in the Stockcharts Public List show the Venture (TSX has had it's day as well) has been a not seen for while ... one way rocket ride... Indicators suggest that the momentum is getting cautious and IMOP if it were not for the traditional perception of the next 4 months typically being the best of the next 12 ... we would be correcting sooner than not... For those not familiar with go away in May... I personally believe we have the oomph to make it to the end of April, but that is where I get cloudy... I think it may be possible to be real exuberant to that point and as such after ...it will surprise to the downside .................. and I will be looking to put on a couple of shorts if the broad market (if not)...... then the broad sector........ does it's typical thing about the end of April.
This link takes you to a prediction that mirrors my own instinctive expectation....
9-Market-Predictions-for-2011
GLTA Lostoutwest
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This link takes you to a prediction that mirrors my own instinctive expectation....
9-Market-Predictions-for-2011
GLTA Lostoutwest
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Please read our Complete Disclosure
Booking profits for the coming year.... HRAJ
QUOTE
"As usual, most of the first Journal issue of the year is given to that
annual exercise in masochism known as predictions for the year.
We note several potential problems but, overall, we think the markets
should be ok, and the sector we deal with will be more than ok.
There has been a small pullback to start the year as those who waiting
for the next tax year to book profits have been putting stock in the market.
We won’t be surprised if the pullback gets deeper before its
over but we are not concerned about it. We’re used to being contrarians
which may explain why we would be more comfortable if there was
some correction in venture companies and some of the base metals.
Given we were about the only people around recommending both of
those near the start of 2009 we think we’ve earned the right to be
cautious. Cautious is as far as it goes however. The exploration sector is as well funded as its ever been. After several thin years, a number of
new discoveries arrived last year. All of those and anything near
them will be getting lots of spending this year. News flow should
be even heavier than 2010. There should be lots to trade once a bit of
start of the year portfolio management has been gone through.
We’re looking forward to it."
David Coffin & Eric Coffin
GLTA Lostoutwest
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|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
"As usual, most of the first Journal issue of the year is given to that
annual exercise in masochism known as predictions for the year.
We note several potential problems but, overall, we think the markets
should be ok, and the sector we deal with will be more than ok.
There has been a small pullback to start the year as those who waiting
for the next tax year to book profits have been putting stock in the market.
We won’t be surprised if the pullback gets deeper before its
over but we are not concerned about it. We’re used to being contrarians
which may explain why we would be more comfortable if there was
some correction in venture companies and some of the base metals.
Given we were about the only people around recommending both of
those near the start of 2009 we think we’ve earned the right to be
cautious. Cautious is as far as it goes however. The exploration sector is as well funded as its ever been. After several thin years, a number of
new discoveries arrived last year. All of those and anything near
them will be getting lots of spending this year. News flow should
be even heavier than 2010. There should be lots to trade once a bit of
start of the year portfolio management has been gone through.
We’re looking forward to it."
David Coffin & Eric Coffin
GLTA Lostoutwest
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After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
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|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
Wednesday, January 12, 2011
Dollar rallying - Pressuring gold
$USD this link leads to a chart showing the US dollar attempting a rally ... It has been passed around in some well travelled sites... the indicators suggest very poor trending qualities as far as I'm concerned, however those who believe the dollar is making a comeback are creating an opportunity for those who are witnessing the pressure on gold....
I for one don't believe this will last, while it is obvious the price is in a trading range, it will likely do nothing but range, major resistance is at the MACD trigger line which happens to be the 200 day average, with the last ranging period failing and making for a new low, however this isn't about predicting... it is about being aware of your surroundings..
The dollar could make a run for a correction in gold... and you should be aware the pot is simmering. What I think, and what takes place, will be hindsight.
GLTA Lostoutwest
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I for one don't believe this will last, while it is obvious the price is in a trading range, it will likely do nothing but range, major resistance is at the MACD trigger line which happens to be the 200 day average, with the last ranging period failing and making for a new low, however this isn't about predicting... it is about being aware of your surroundings..
The dollar could make a run for a correction in gold... and you should be aware the pot is simmering. What I think, and what takes place, will be hindsight.
GLTA Lostoutwest
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Tuesday, January 11, 2011
So much for the bear raid...
The toronto and Venture look no worse for the experience, however they are both testing support lines, and supporting indicators suggest there is ample strength to absorb the shakeout for this round. As the bear raid was mainly in gold, other commodities held up...
GLTA Lostoutwest
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GLTA Lostoutwest
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Monday, January 10, 2011
Bear Raid
Last week was a few bad days... some have conspiracy theories, and I for one suspected broad market manipulation... seems I'm not the only one, and the following link leads to a blog from a chartist who uses different indicators, but demonstrates effectively there is more than one way to skin a cat... I hope this site gives those who desire it... a different perspective on a stylized approach to charting...
An Exquisite Recipe (for a Price Disaster)
GLTA Lostoutwest
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An Exquisite Recipe (for a Price Disaster)
GLTA Lostoutwest
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Sunday, January 9, 2011
Update MDL.V
There is updated commentary in the StockCharts Public Chart List.... Stockcharts Public List page 6 of the watch.
GLTA Lostoutwest
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Please read our Complete Disclosure
GLTA Lostoutwest
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|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
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