chartists & t/a, page-6

erichmj

Always appreciate everyone's efforts mate although you always seem to post a chart up when the obvious is occuring.

MACD, STOCHASTICS, BOLLINGERS now nice and tight, just ready to burst, EWS, MFI are all indicating a turn upwards but there is a gap and CGM normally closes them quite quickly and that gap is at .061 to .063.

If it closes and that is the norm, then I hope it is a quick close and a rapid bounce back. From a candlestick viewpoint we almost had a shooting star yesterday, but it could still be an inverted hammer, today will most likely qualify which way it is going to move.

None the less CGM has a great leader at the helm with lots of experience particularly on the drilling and exploration side and with GOLD orders and production in hand I reckon that LT the only way is up.

GOLD closed in NYSE @ US$1647.10, I reckon we have a firm hold above the 1600 now with a very bright future for CGM.....our company.

GL holders :)