Paul, I agree it's headed back to that support area you mention. Draw a trendline from the 2009 low to the June 11 low and you can see the Oct 11 low also bounces off it. Personally I think that support will eventually be broken and it is quite feasible that record lows will be seen. This is especially possible considering the drubbing I think the indexes are gonna go through in 2012.
Don't believe the hype about uranium trending up. It's about to (if it hasn't already) to trend back down in this long and convoluted wave 2 corrective phase. I haven't been on here for a while but have kept my eye on uranium as I like the long term future. However, still more pain ahead folks and my prediction of spot uranium hitting around $47.50 should be achieved on the next leg down. Personally my tip for spot uranium low is $46.50.
Having said that, I'm expecting a big rally in the markets to start this week and finish early next year so that may provide some get out opportunities.
Just my opinon folks and telling it how I see it.
El Capo
wow...., page-4
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)