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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Message: TA stuff

TA stuff

posted on May 13, 2008 06:27AM

Everybody has their own indicator they swear by, and they're all interpreted a little bit differently, not to mention even moving averages come in all varieties: i.e. simple moving average, exponential moving average, 200 day MA being the gold standard for some, all the way down to a 10 day average for uber-aggressive traders.

Back to what I was commenting on yesterday about the mixed messages the chart is giving, I think Rosedale summed it up very nicely: the unwashed masses have no idea what to read out of this chart based on chart patterns alone, they simply DO NOT know what to expect because they have not been listening to what NOT has been telling us.

Thus the ambivalence with the share price.

One thing I can tell you is this: the last time the 10 day and the 30 day MA crossed over on February 4, 2008, we got 25 days of strength and $3.00 in gains. We are almost at that crossover point again.

Now that I've said it aloud, the MM's will likely monkey with the price, since they seem to want to thwart any positive sentiment. Soon it will be like spitting into the wind, IMO.

Just some thoughts

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