The CDNX bounced like a charm where it was 'supposed' to, at the 62% fib of the entire move out of the 2008 disaster. This came from the kind of over sold levels that could end a bear move. But we cannot claim that the cyclical bear market that is this fib retrace is over until CDNX successfully clears the 1700 area.
This general speculative resource stock index seems to have more effect on the gold exploration sector than the fundamentals in the general gold sector do.
http://www.biiwii.blogspot.com
http://www.biiwii.com
This general speculative resource stock index seems to have more effect on the gold exploration sector than the fundamentals in the general gold sector do.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Hey, it seems to be tracing out a head & shoulders. Target = 240 or so. Better hope that neckline holds!
ReplyDelete:-)
Well if that is the case, a coming rise to a right side shoulder would be the last chance for casino patrons to get out alive.
ReplyDelete