strange similarities in share price movement

Hi Everyone,

This is a post i just sent to the CUO thread and thought i would put it up here as well.


THis doesnt relate to CUO specifically but i found this interesting and was wondering if others could throw in some theories as to why. I am often looking for patterns and trends to try and understand the overall market a bit better.

After putting together the chart comparing a few of the junior miners the other day and seeing how similar they were i noticed a couple were heading up at a healthy rate and against the overall trend. Metals had softened and the bigger companies were dropping back.

I did a chart overlaying them to see just how similar they were.
CUO and CSE are very similar. URL had an extra boost from some news on the 18th but has dropped back in line. (There are more examples but the graph gets very messy, so stuck with the 3)

They have all risen between 55-60% since coming off their lows in the last month or so with the main jump of 50 odd% in the last 2 weeks. Naturally there is lots of speculation within individual company threads as to why the share price is moving at such a rate and most theories are some news is about to be released which i myself assumed about CUO. But is it too much of a coincidence that they all have news leakage at the same time? Maybe?

It seems more like buyers are moving in on this sector and buying across the sector. Are they the same people that sold the price down and are moving in for bargains? Or has market sentiment changed and people are moving into the sector where they see good value? Does this mean the market has bottomed and turned? If so we should see some good price rises especially on any news releases.

Any theories welcome.

Cheers Fero