I posted this on the dark side of the moon ealier.
Sure looks like everyone is siting on pins and needles these days. It's hard to watch the day-to-day shenanigans with this stock, but not much we can do about it, and the lack of news - not much we can do about that either, even though we are bombarding the management with phone calls.
What gives me some degree of comfort right now is the fact that both the monthly and weekly charts seem to be indicating that the SP is forming a cup and a handle, we seem to be at the bottom of the handle formation. The only question is how valid are these long term patterns with a stock like CUU, and that I am not really sure of at all. However, both of these long term charts seem to suggests that we are holding at a good support here. There should be a strong support at $1.10 on the weekly chart and I do ope it will hold.
Now the daily is also looking kind of interesting. Have a look at the chart patter starting at the beginning of November. I am seeing (hope it's not just wishful thinking - or dreaming; or God forbids Bowmore induced hallucination) a formation of what could be an inverse head-and-shoulder chart pattern. The left shoulder bottom on 11/10/11, the head on 11/21/11, and now we may be forming the right shoulder, hmmm. OR we could be forming triple bottom. If it's a triple bottom the SP may hit $1.10 and hopefully bounces up from there. I think there is a good probability that we may visit the $1.10 support next week, if there is no new NR, based on the message candles that we got during the power hour on Friday on both the 60 minute and 15 minute intraday charts. Could this be another buying opportunity? Wish I knew!
