a brief comment re ABU from a non holder..... dispassionately I...

a brief comment re ABU from a non holder..... dispassionately I hope.

When I first commented "Yep" my view was that ABU was not a buy. The daily 7 and 13 MA. crossed and said sell ....now look at a 5 year monthly chart which has a nice symmetry.....

All charts are currently heading down. I have not read anything re this stock but my prior comment re 4th waves is that gold stocks haven't bottomed yet.

for the hell of it :) CDY ... I suspect it's down BUT don't know. Draw line between tops and bottow on a 3 year weekly chart. top is 4/3/13 and 18/11/13. Ist bottom is 24/6/13 watch for a break.....watch volumes and look closely at the close prices ...ie beware of end of day price fixing.

If I knew more I'd be wealthy.
ps Chuk's charts previously and his comments re volume on the GDX. My take is that the volumes are still in a down trend regardless of the spike which corresponded with a bit of a top and can sometimes be "selling out". It is difficult to know and each to their own "punt"