RE: Re: TAThe market is overbought not Tam. Tams highs and lows pretty well correlate with the TSX (ie "the market"). Hence we are seeing a downturn in the market and we shall also see a downturn in Tam...exactly what is happenning now.
I do not use rsi. CCI is my preference.
The added problem with Tam is that the market hates in the ground asset valuations at this time. Real asset miners are the place to be.
Tam is still an excellent trader for as long as trading volume stays around 500k. Actually its like taking candy from a kid with all the alledged guru's on this board hyping the stock against the direction of the market.
Investors steeped (or in love) in fundamentals will frequently throw away huge profits to the traders in situations like Tam.
Good luck.