QUEST RARE MINERALS LTD V.QRM

RE: What a difference 1 week makes

[pulverizer]

Yes, it did make nearly a double off its lows, too bad I've been in since the 5s......
However, the markets are stuck in a range, we just had 6 down sessions in a row, followed by 6 up sessions in a row. Yesterday was the top of that range and if we were capable of breaking out of it today, then confirmation of further bullish activity would have occurred. But alas, we are down today, and started to be down substantially. I don't know if we'll go right back down to the bottom of this range (DOW 10,900) but we are probably going to see at least 2 to 4 down sessions before another rebound.... It's time to be trading in and out of this and other stocks in order to maintain profits while we stay in this range.... if we see DOW 10,100 then we make confirm additional bearish market trends and that would mean we'll see new 52wk lows.... 4 times since August we have tried to break above this range so don't get too excited in the short term. Don't get me wrong, I am long QRM and have been quite excited about the firm since I discovered it, but it has also burned me immensely due to bearish market trends. Full disclosure I have bailed on my positions, everything, am 100% cash and do intend on re-entering QRM when the charts confirm to me that it's safe to play again. My portfolio go destroyed and after suffering a near 70% hit I just had to recover the remaining cash so that I can play this range. Like you said, a near double from it's lows. Well... here's to playing this range, hopefully to my advantage, so I can recover some of these losses..... see you back at the bottom of this range, somewhere between $1.75 to $2.30.