TSX:TECK.A - Post by User
Comment by
pulverizeron Sep 10, 2012 1:10pm
300 Views
Post# 20343002
RE: Needs to close above 65DMA today....
RE: Needs to close above 65DMA today.... Ya..... the 50MA has been resistance for months.... this morning it was above both 50MA and your 65MA and it has cooled right down. Now it is struggling to hold the 50MA. Looking forward into the week I personally believe QE3 is NOT on the table and I believe this is one of those "buy on rumour, sell on news" stories to those investors who THINK QE3 IS on the table......
So for me, up 10% and I took it. See you back at support.
Cheerio.