"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, October 22, 2010

U Bullish?

Me not bullish... me not bearish.  Me down to just 3 positions (LAM.to, MGA.TO, STM.v all met the profit taker's axe) because the inkling came back in July with a break of the fan line, the [inaccurate] derision quickly followed, then resistance breakout, subsequent confirmation and the rest as they say, is history.

I don't care for momo's and their type.

People who use charts cannot always give the whys and what fors and indeed, when they try they often end up sound like lunatic, tin hat wearing crazies and screw up the analysis.  But when the geek is in a zone, contemptuous of all sides and their respective blow horns, good things can happen.

So, is the massive uranium stockpile of Russia and the US drawn down sufficiently to launch a new bull market?  How the hell do I know?  I just made a trade based on what I know best.

By the way, weekly U is still not bearish by any stretch.

Edit (1:39)  Now I've gone and done it.  He's back and twisting things to his version of reality.  Good thing we still love each other, cause this guy can be annoying.