Hard to do TA on this high roller!

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CGB

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Hard to do TA on this high roller!

posted on Apr 19, 2011 12:08PM

But, I'll give it a try... Here's my last two updates on it today...

Updated April 19, 2011 12:00 pm

Intertainment Media Inc. (TSX-V: INT) Dead cat bounce after the drop back to the trend line. Here I would be very careful, the theory of a dead cat bounce is that is continues to drift lower. Although, with today's wild ride, watch the volume bars for a potential entry. Its hard to do any kind of serious Technical Analysis on INT as what's driving it is pure euphoria mixed with fear right now. All the best to those trading it!

Updated April 19, 2011 11:30 am

Intertainment Media Inc. (TSX-V: INT) Holy! What a pop and the even more impressive drop! 45% drop from the top to go back to the trend line. In this week's newsletter I talked about how this often happens and mentioned Claude Resources (TSX: CRJ) as an example of this occurring.