Click on the above link to learn more about our site and what we are developing (and please read our disclaimer)…
Author: BMR
The risk of a substantial correction in the CDNX has increased significantly after last week’s trading…
We will be posting a very important Part 3 of our Week in Review and A Look Ahead by late this evening Pacific time. While the overall CDNX bull market remains firmly intact, we will be examining the growing possibility of a correction of at least 20% from the recent 2465 high.
A review of GQC, VGN, AGE, SD and SFF…
A review of GBB, CQX, ABI, CUI and RVC…
A potential “hammer” reversal is forming on the CDNX today…
The CDNX has broken some key technical support and while 2200 could hold for now, the risk of a bigger drop has increased…the good news is that the overall technical health of the CDNX is such that this correction must be interpreted in the context of an ongoing bull market…
The CDNX has not been able to hold support at critical levels, suggesting a significant correction is now underway…the next major level of support on the CDNX that is likely to be tested is 2200…