Ann: Ballarat Exploration Update - Spectacular Go, page-14

re: Ann: Ballarat Exploration Update - Specta... PSARAS, I'm not a day trader, but these were some thoughts I posted on my blog this evening:

From a technical analysis perspective CGT's rise looks promising having broken out of a falling wedge with the strong move higher. However short term direction of trade has the potential to be influenced by larger market shifting factors with Eurogroup Finance Ministers meeting this week to discuss what to do about the Greece situation (another bailout or will they allow the eventually inevitable default?)...

As part of a larger post which you can reach HERE.

The markets are largely oversold on the whole. We could see a (short term) resolution for Greece where the markets bounce and in this scenario I could see CGT continuing higher having broken out of the falling wedge with today's trade. That said it's dangerous times to have significant amounts of capital in the market with the end of QE2 fast approaching and Euro problems yet to be resolved...

Will CGT close green again tomorrow? Flip a coin!