GREY:SXRZF - Post by User
Comment by
LongoGlueStickon Dec 03, 2007 7:59pm
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Post# 13909518
RE: The ship is indeed turning......sloooowly.
RE: The ship is indeed turning......sloooowly.Deucalion,
awesome job on those charts, positive divergences abound on both CCO and UUU. Both have been beaten down to extremely low levels (ridiculous ones) and now the tide is turning. The last 4 Candlesticks on the UUU chart look very bullish (IE, each time we went to the low 8's, we got bought back up again)
Today the TSX as a whole had a low volume day so today was nothing special, so my feeling is that people are buying and holding and not willing to pasrt with their shares. Lots of cash on the sidelines waiting to jump back in, and when it does, UUU's road to $20 will be fast and furious.