You are right about EMA vs. SMA. I always use the former which is where these things will most likely need to go to rest on occasion. I would define that as once a year when they get too extended. Is that now ow in the Spring. That I don't have an answer for but they are creaking a little here so caution for folks that like to trade is warranted. The folks with the temperament for long term trading can really just turn the monitor off and go do something more worthwhile. Personally I find that difficult. I also couldn't agree more about the fundamental underpinnings of the sector. They look bright as can be with only a horrific worldwide recession or depression dampening that. If you were in UEX.TO for a 10 bagger at $3.00 we were buying in about the same time. Do you remember the Spring correction in 2004? That was wicked and JNR, IUC, and UEX took a real beating.In the end that one only went back to the 200 Day EMA though. In 2005 it was worse. Still one could have timed those corrections horribly and bought the absolute tippy top in 2004 and they still would have made excellent money over the long haul. We are likely in a parallel time to that for the baby ferts right now. Anyway my point with all this isn't to comment on the fundies in any way just to say even with strong fundamentals you can see wicked corrections that test even the most resolute. I have seen it too many times to shrug off. Makes little difference for the patient but man can those corrections be trying.
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