"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, November 5, 2010

U Bullish?

Hey, it's becoming all the rage now.  Get in line behind Bernanke and party it up.  When enough momos and newly brave herds have drunk from the punch bowl, Ben will hand them the keys for the morally hazardous ride home.

Digression aside, here we see Uranium Participation Corp. (U.TO) at a thick band of resistance.  Is this going to the 38% Fib retrace noted above during Bernanke's last chance power drive?  Could be.  And to think, all of this growing out of a simple little fan line break.  Go figure.

The time to be bullish has passed.  The time to manage perspective and perception is at hand.