Current Trade

Tuesday, January 17, 2012

RM.V Rodenia Minerals - Throwing Darts

There a few good looking charts as they pertain to being oversold or are just throwing a buying signal using the charting trading system described on the right...

One of my favorites is the electric car movement so strategically implemented in the last global crisis of the mortgage debacle and subsequent bail outs... Car manufactures to be specific...

Lithium plays that have good solid fundamentals (RM.V) are few, and even so the speculation focused on them was wasted in the middle of a broad market down move...

This has changed for the moment with the  last part of winter closing in with the early part of spring in sight... as the best 4 months for trading unfolds.


Rodinia Minerals (RM.V) is looking particularly good from a relative high to a very oversold low using indicators set for longer term interpretation. The reversal bottom is present, and printing a higher low.

There is still a bit of resistance and chop, but if charts can be right once in a while... this is a good looking potential pop. To much to resist.... I'm in... IMOP .16 to .20 cents is good positioning... with .18 cents looking to be the higher bottom being put in...  Rodinia Minerals


GLTA Lostoutwest


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The Public List

The public list is a collection of stocks that have "Speculative Fundamental" analysis used on them... some have a list of great points, however... perfect fundamentals are almost always to late to see... so the fundamental analysis may have a weak point that has potential to change... and each stock is different in the weak point.

Switching to technical analysis I have often looked over at my fellow colleges charting attempts and wondered at the complexity of that analysis as to be so confusing and conceptually difficult to make sense of... that I have been rendered dazed...  such that in respect of the same... I will be making very little commentary... I truly believe that the charts literally speak for themselves and there is if... you look for it... very obvious patterns that can be seen through your own discovery..

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Check over the first two index charts noticing the rising triangle formations... normally I would have expected a shocking "V" pattern... I will certainly give comments on events as they make themselves to be open for confirmation, but they will only be a starting point of discovery... leaving the rest for you to put in your own words so as to be hopefully more intuitive.

The market impression I think that needs to be grasped for now... is the condition of the TSE and Venture in that they have a bottom pattern... and each has placed... not identical, but definitely rising bottoms... testing resistance... now being in position to reverse...  There will be little comment... let the pictures form the words in your own text...! 
The type of markets where monkeys can throw darts and be as good as the gorillas... are in broad market moves, and to increase trading success... it is most important that we do our reversal as expected... and do it soon! The perfect time slot is moving in.

The only impression I would elaborate on is that the reversals are uncommonly slow or cautious in comparison to other reversals I have seen, and that fact is due to very the poor Fall season we experienced which produced a very flushed market that demoralized the public trading...

My speculation is that the poor summer and fall last year...  may this year, be non typical... The normal cycle has a bit of a wobble in it, such that, the go away in May might be late in coming... however that is for the charts to ferret out. 

GLTA Lostoutwest


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Over tall Buildings

 Technical analysis works best when the stars are aligned.... in this case the seasonal timing is conditional in that it is historically the place where the best 4 months, Jan to April, usually take place for us gorilla online traders... 

As well... tax selling has taken leave, and due to the extremely oversold nature of the markets all over... in particular... the Toronto and Venture... there is a cautious inflow of buying pressure due to the lack of selling pressure. Nothing overwhelming, but by the end of the month it should be much better established.

There was one thing different about last fall that should be noted, and that was a general overall failure of any type of seasonal rally that could be recognized as traditional... a very poor fall season to the say the least.

There was of course some individual instances of rally, but nothing that could have been described  with anything more than the phrase "few and far between"... and this leaves us in a position of being market wise, and very oversold just at the right time for the coming 4 months.


GLTA Lostoutwest


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|| Stockcharts Public List ||

|| 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