GREY:ALXDF - Post by User
Post by
goldopportunityon Oct 22, 2014 11:29pm
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Post# 23053133
Technically, azx looks poised to move up.....
Technically, azx looks poised to move up.....Now it may or may not happen right away. A lot of times the market just digests the good news for about a week or so with the hope of shaking out any impatient and nervous hanger-ons.
Today's market action saw azx have its biggest volume day in more than 6 months -- u.s. volume was more than 10x the average daily volume.
Also both the accum/dist and cmf have dropped steeply over the last 2 sessions -- imo, this would seem to indicate desparate selling. Perhaps impatience set in (especially in Canada) when sp didn't fulfill expectations upon release of the great news today?? But from my perspective, today was the exact time to buy, not to sell!! The weak hands folded, strong hands bought and even stronger hands stayed the course. Jmvho.
goldopportunity