Bears may be trapped in PDN.to SXR.to and FSY.to
#1
Posted 25 April 2007 - 10:50 AM
#2
Posted 25 April 2007 - 11:03 AM
#3
Posted 25 April 2007 - 11:16 AM
ic....keep an eye on U.to. It's the best sentiment gauge for the sector IMO. The time to buy/add to the uranium miners is after a nice selloff in U.to.
I am with ya! I went long that one today as well
#4
Posted 25 April 2007 - 11:22 AM
#5
Posted 25 April 2007 - 11:36 AM
you referring to $15.48 U.to retest? or lower?
the PnF chart may be helpful re: H support zone -
http://stockcharts.c...llery.html?u.to
Edited by hiker, 25 April 2007 - 11:37 AM.
#6
Posted 25 April 2007 - 11:46 AM
#7
Posted 25 April 2007 - 11:50 AM
Thanks hiker...it seems like every 7 1/2 months U.to goes into an extending basing pattern on the weekly chart. It trades at varying premiums to its market value of stored uranium, its only asset. Right now that premium has dropped quite a bit.
I am using 15.5 for adding on the daily and I'm watching the volume patterns, too. It still has another month or two if the run and base on the monthly holds true.
like yourself, I started to get uneasy with the relative strength of these over the past couple of weeks so I tested the waters on the short side and when I couldnt get shares I changed my opinion that these things are probably clogged and will have another run coming soon
#8
Posted 25 April 2007 - 11:56 AM
#9
Posted 25 April 2007 - 12:02 PM
#10
Posted 25 April 2007 - 12:16 PM