Re: Cup and Handle- News Trumps All Does It? Heard That Before.

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Re: Cup and Handle- News Trumps All Does It? Heard That Before.

posted on Aug 28, 2009 10:20AM

On large caps and on the overall market I'd agree that for the most part you are right.

On small caps while useful, TA isn't nearly as important. Many people agree that news on hole 49 was leaked prior to when Noront officially released it. Which gave us our original move from 60 cents to $3.

You could just as easily ask what was the technical analysts reason for why it started to move up from 60 cents? Sure trending works for after the initial move but, what started it?

We didn't move up after the release of hole 49 because, while the news was amazing it was already priced in at the $2.70-3 range.

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