Developing Bellechasse-Timmins Gold Deposit
New Discovery Resulting in a 20KM Mineralized Gold Belt
Message: Short & Long Term Technicals *DO* look bad...
I am not sure where some of you are getting your technicals that look good, if there is something other than opinion like a chart or a noted opinion can you please back it up?
Below is the tecnical charts SUMMARY from Td-Waterhouse that I am grabbing for GNH:
| Event Date | Event | Opportunity Type | Close at Event | Target Price Range | |
| Nov 30, 2010 | MACD | Short-Term Bearish | $0.43 | n/a | |
| Nov 30, 2010 | Price Crosses Moving Average (200-day) | Long-Term Bearish | $0.43 | n/a | |
| Nov 25, 2010 | Commodity Channel Index | Short-Term Bearish | $0.45 | n/a | |
| Nov 24, 2010 | Momentum | Short-Term Bearish | $0.47 | n/a | |
| Nov 22, 2010 | Hanging Man | Short-Term Bearish | $0.50 | n/a | |
| Nov 22, 2010 | Williams %R | Short-Term Bullish | $0.50 | n/a | |
| Nov 10, 2010 | Triple Moving Average Crossover (4-day 9-day 18-day) | Short-Term Bearish | $0.49 | n/a |
And as predicted, someone came out and proclaimed this to be a buying opportunity.
Again, I don't want to be a "DUMPER" on this stock lately, but people PLEASE realize that without some form of GOOD news or the ASSAY results (with great news), this is NOT going to likely regain much momentum here - technically or even logically speaking. This has gone from a drip to a downright downturn now.
I wish I was wrong, and I hope I am wrong - holding a touch longer until we hit high 30's and then just take my tax loss write off for the year. Again, my 2 cents worth and just IMHO. Bash away as you see fit.
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