Retesting the techno breakout .... the compass is finally pointing north again.
US markets spooked by ongoing bad news and in anticipation of Friday nites jobless numbers coming up. prob see an interim low set on the coming full moon before continuing up with its C-4 rally wave. Real C-5 danger time aint til March equinox for mine.
Meanwhile CMR will dance to its own corportae tune as control of the Bridge s finally set jan 29 ..... heading up til then IMO.
Love the volume and fact no major lines overhang atm to get thru.
Suspect once GT/HNC "debt' is equitised Jan 29, then remaining Cornell "debt" will be attended to per some kinda underwritten rights issue ....... fair to give shareholders first crack.
We are facing the real prospect of soon being debtless and in strong captains hands. Suspect thereafter we will start seeing real developments.
Also looking forward to H2 realities wrt global Matrix .... after C-5 capitulation there is a primary rally D which should IMO take us to new highs in metal / gold/ resources /CRB index highs thru to 2011/2012 as paper begins to burns globally. It will take a supercycle primary upleg in resources sector to drive a broader global market rally after the financials burn about to come. THAT will be CMR's prime time IMO.
And now that it seems to be in global focus again, suspect CMR will again soon be a sought after vehicle for the global hedgies looking for safe havens from a sinking US Bond / USDX Titanic.
IMBOOC
CMR Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
