GREY:CRIUF - Post by User
Comment by
dryhumperon Sep 26, 2015 9:17pm
73 Views
Post# 24138705
RE:New resistance wall here???
RE:New resistance wall here??? I suspect that perhaps 9.25 will be the resistance. Like you, speculation. I think that we have some positive things going for us in ahead. Oil is showing positive motion. If it retests about $38 and breaks below that look out below because $20 oil could be relaity. I have my bets on oil continuing to climb from here. Higher oil will lead to a stronger CAD. Also, nat gas is primed for a run up. The $2.40-$2.50 range looks like a buy opportunity. That one needs caution as they are calling for a mild winter. Silver is also showing signs of life. It is looking bullish for the first time in a long time. If Silver and Gold rally as you know is also good for the canadian dollar.
And, if we get a market crash load up on DEO, PLA, CGX, and PZA. Why? when depressed people drink themselves silly to forget their problems, eat cheap pizza to save money and people watch movies for cheap entertainment. :)
deisman03 wrote:
I am wondering if $9 will be the new resistance line for the next couple of months? Of course it would just be speculation on my part as it would be for most other people. The small ripples caused by the small retail traders don't really have any significance other than being nuisances. Fine. Lately for one reason or another there have been some significant swings at high volumes. I took a chance on Friday and cashed out again completely from the market. This is a very interesting time. Very hard to gauge the markets and even the ANALysts are making excuses for their poor performances and patting themselves on the back for minimal losses or 1%-2% gains for the year. This trust and a few other companies look good right now but with low oil/gas/distillate prices being in the basement for over a year and the Canadian dollar being valued so low against the US dollar I am finding it very difficult to get good due diligence done in any meaningful way. Maybe to many other things on my mind???? Such as extreme socialist governments taxing everything they possibly can etc, etc.