Canada Nickel Company Inc V.CNC

Are we close to a CNC bottom.

[apapas1973]

This ones been a tough one. I will say I'm going to pay close attention to the markets in general tomorrow. I need to see follow through on the upside for stocks and commodities and follow through on the downside for the dollar. This should at least bolster CNC. Where I'm having some conflict is when you look at the charts, there's one important indicator that barely turned up even though we've seen continued declines. That's good. We had pretty good positive divergences but even those have somewhat tapered off cause of the continued decline in price. There are other metrics I follow and it's in the zone for a bounce. Here's what's bothering me. All good stocks need a washout before any significant rise. What we've seen so far is not a washout. Its death by a thousand cuts. Slow and painful. Many times what follows is a final washout. A total capitulation. This is how large institutions enter. Everyone throws in the towel, the stock turns up and people are afraid to re enter. Too much emotional damage. There's one final low that's been weighing on me for several months. If we didn't just bottom, this next low will be the final low in my opinion. The problem with trying to wait for "The Low" is that it may not come. No guarantees in this business. For those that sold higher and have intentions on re-entering cheaper, congratulations, you've been lucky. You may have saved alot of money. For those that have no interest in this stock, it seems you have too much time on your hands to be on here. And for those that have held the entire time down, I can't tell you what to do. You have to assess your own risk tolerance. Unfortunately There are no guarantees in this business. I think by now everyone knows where I stand. GLTA

[EndZonefor7]

Apapas, there is still some Noble share overhang here. Most Noble holders just got their shares in past couple days. TD still hasn't. Famous sucker play IMHO. Milk them low, then watch it blow.

[apapas1973]

Could be Endzone. Not sure. This is a very structured move down. I think This has been set up for someone (people) to enter that would normally be difficult for them to do with a lower share count and lower trading volumes.

[EndZonefor7]

Agree on that apapas, very structured move down. Seems to be a steady accumulation by a few certain houses but don't have all their numbers. We both know this is worth a helluva lot more than $2.11.

[Cobalt]

And Markets gave it all back , USD is back to testing 20 year break-out 

[apapas1973]

The dollar can run a tad more before heavier resistance. Right here is not resistance. It can even overshoot by a bit before it turns down. That's how it sucks everyone in. Ultimately the Fed doesn't decide in the rates. The market tells it what it wants. And they're speaking loud again today. The fed will cry uncle.

[Cobalt]

You can keep dreaming what you want or look at the charts 20 year high on the edge of breaking out short YEN to 150

[Cobalt]

3% 10 year sucking in alot of money they must buy USD first , Zero reason for the USD to not go higher