Re: todays numbers by Adrian
posted on
Feb 27, 2008 12:10AM
In my opinion CDE is sideways trading to build up steam to go over 5.00, there an enormous short position. Once over substantially it will move.
What you have to bear in mind is that a lot of these charts from a longer term perspective havent broken out of the previous downtrend yet, and that is what provokes the greatest influx of cash, (especially short covering). Then there are TA sites that deliver all red readings when stocks are at their lowest, and it takes a while for the bargain hunters to step them up to a point when historical readings like the macd go green, which attracts other traders.
Silver rising is creating a situation where the market is opening 'up' on a daily basis, its just a matter of time. GPR didnt go up on high volume yesterday, just run out of sellers (dumped all the weak hands).