Agree, charts 10X better at explaining the past than predicting...

Agree, charts 10X better at explaining the past than predicting the future.

Looking at the chart though, the last two days leg up looks quite different to the recovery from 32. I trust the recovery bit to probably hold, and presume it to be roadshow etc related.

The last 2 days looks very speculative. Are they right or wrong? Well the past in CVN says often wrong. I guess it at least shows theres eager buyers out there, and sellers seem to be tiring.

I do expect a leg up this year from each of Buffalo and Labyrinth and possibly more on the prospects but is this a false/premature run? Don’t know and the chart don’t know.

With the likely newsflow I suspect a year finish above 50 more likely than not. Nevertheless I am changing my sentiment from buy to hold, as I doubt I’d be buying this high even if I wasn’t fully loaded up.

EL