After The Close, 11 Sept 2008
Merv’s Daily Uranium Index
Market Data
Open: 173.62
Hugh: 180.87
Low: 164.63
Close: 173.78
Volume: 5139
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Another down day but the action is getting weaker and weaker on the down side. It has not yet reversed to the up side but the down moves are smaller. Tomorrow may be an interesting day.
Time constraints cause me to cut this commentary short today. Both the intermediate and short term ratings remain BEARISH and the direction of least resistance is still to the down side although the Stochastic Oscillator has turned upwards and crossed above its trigger line. However, it is still inside its oversold zone so another day is required to change the direction of least resistance.
Merv’s Daily Uranium Index
Market Data
Open: 173.62
Hugh: 180.87
Low: 164.63
Close: 173.78
Volume: 5139
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Another down day but the action is getting weaker and weaker on the down side. It has not yet reversed to the up side but the down moves are smaller. Tomorrow may be an interesting day.
Time constraints cause me to cut this commentary short today. Both the intermediate and short term ratings remain BEARISH and the direction of least resistance is still to the down side although the Stochastic Oscillator has turned upwards and crossed above its trigger line. However, it is still inside its oversold zone so another day is required to change the direction of least resistance.
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