RE:Head and shoulders, knees and toes..knees and toesWolfofnoobst wrote: Not much of a "chart guy" but this is a pretty blatant head and shoulders bottom formed over the last few months. Should push us to .37 fairly easy. Just in time for the resource update. Hopefully you longs saw this and bought near the bottom!
in other news a head and shoulders top looks to be forming on the Dow.
Your title is interesting but I get the reference. Today, we're seeing the bids accumulate and chase upwards while the asks are not chasing downwards. My sense tells me once we're near (within a couple days and the speculators will provide that insight) the updated resource news, I can see us getting to the mid-high 30s. In a non-corna market, this number IMO would be substantially higher.
My gut is telling me the new reserve will be higher than expected. JMO.
Do your own DD and good luck.