RE: Death Cross / Scottie
Someone asked about the Teck chart analysis and it was posted this am on Globeinvestor (Lou Shivas)
He stated the following:
A death cross - when the 50-day moving average crosses below the 200-day moving average - is a signal that should not be ignored. Basically, it confirms that selling has gripped the stock and if you hadn’t thought of bailing out earlier it would be prudent to do so immediately.
He thinks Teck may go under $30
CUU getting close but I am still strong on my 50k shares until the end.....
but sometimes it makes you re-think my in it until the end
Skibum2