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dmlabuda

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dmlabuda

Re: dibbley post# 511

Tuesday, 07/05/2011 12:22:32 PM

Tuesday, July 05, 2011 12:22:32 PM

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Well, if you look at the 15 minute chart there is a broadening price pattern forming and a potential diamond formation as well. There is also a bearish divergence between the stochastics and the price. If you then switch back to the daily chart with that knowledge, it looks a lot like just a bounce in a bear market. So, I took profits this morning. I did not annotate my chart on this one but, if you do not have access to intraday charts, I can do one quickly for you. URG (another uranium stock I watch) is showing exactly the same patterns. So, I guess it's not time for a Uranium rally quite yet.
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