yes I agree. I really believe this is just a technical pullback. If it was disappointment over the ann. it would be a bloodbath.
Last week we spoke of the cup and handle pattern which was forming. The target SP (for the total non chartists) is the depth of the cup projected up from the lip. This number was 20.5c and we hit 21c (close enough). I guess there are traders today (G'day martis where ever you are) selling off based on this
Because i am a computer moron i cannot figure out how to get a chart from my power etrade up onto HC. i would like to highlight the similarities between now and the October run up. If the bollinger bands are any guide then I expect a pullback only as far as 19c at the most
time will tell
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held