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Re: NeomRocket post# 88136

Friday, 08/20/2010 6:52:24 PM

Friday, August 20, 2010 6:52:24 PM

Post# of 233823
Good post,neom!
Ppl in downmarkets run like rats on a wheel in a cage,they exhaust themselves to the limit,but no forward movement!
Imo,the big picture was up till today,the 20.Aug.,that today is an option expiry date,with depreciation on all fronts.
The market has NO direction at all,but we also see HUGE uncertainty in market participants.
Volumes are small in general.
As given before,next Monday ,the heavyweights will enter the market again after vacation,and it will be a different ball-game.
Katx took a beating,indeed,and what i see on the charts is a contracting Bolli-band,with the pps on the lower band,RSI declining into the 30 range,and support @ 0,11.
IMO,I also lean towards the last opportunity to load up the boat concerning gold,and silver explorers and producers,before we enter the months of rising pps for gold and silver stocks.
Katx FUNDAMENTALS did not change at all,even improving with time going forward.
And doing a little math,2 mill.shares represent roughly 240000 Dollars average today....really a non-issue!!!
Glta again!!
Enjoy the weekend!!
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