Chalea,No offence but all this talk of bullish divergence is...

Chalea,


No offence but all this talk of bullish divergence is absolute and utter rubbish at present. I remember having a discussion with you re indicators sometime back and gave you my thoughts, especially using indicators in isolation which is one quick way to the poor house, not referring to you though.

Stating the obvious

*current market sentiment poor
*current uranium sector sentiment (hmmmm)
*emotions maketh the market greed ,fear
*The index will continue to fall further perhaps several hundred points and more will this increase confidence in the current environment I think not.

The market doesn't give a %hit about what you and I think it will do what it wants and when it wants .
" THE ONLY CONSTANT IN THE MARKET IS RISK"
markets only operate because of the risk reward equation.

One thing I have learnt over the years is PATIENCE. I
find it slightly perplexing to hear people talk about bargains at present especially when this index has more to fall. Why try to catch a falling knife, chart shows me little if any support until 10c at which time I'll review and act accordingly. I still like the story of BLR but remain cautiously optimistsic.

I don't trade/invest on hope -

trade/invest what's presented not what you think is presented !