... since I posted that it looked like the correction was beginning. I wouldn't get too excited about it quite yet! I said "it looked like it was beginning". I didn't say "it was beginning"! Oh, it's going to correct alright. What stock doesn't? I don't pretend to know anything for sure! Not too many people really do! But, there are a couple, and they are legend, and are the one's to listen to in the first place. CCJ might even go into next week and hit a higher high first, but make no mistake about a correction coming, and probably sooner than later! But alas, nothing much to worry about. A 5 pointer maybe, give or take a point here or there. Just another opportunity to do some adding if you feel flush, and have some dry powder. Enjoy the holiday, and look forward to more great profits in CCJ in the new year! Merry Xmas. :)
I'm for a U Monday myself, but we'll just have to wait till then. There seems to be some possibility of a little weakness, but it's not unusual for prices to go higher in spite of the internal indicators. Sometimes it takes a little longer to correct while the internals are slowing down. That's what traps the impatient shorts into selling too early, and then getting punished with a nasty short squeeze. They aren't always wise enough to wait for the best time to sell, because of their greed. But, like they say, even a broken clock is right twice a day! So, we'll just have to wait and see what the prices do, because prices are never wrong, despite what ANYBODY thinks. There's overbought and there's oversold conditions. However, when the stock price gets exhausted enough, it'll know when to change direction on it's own. MERRY CHRISTMAS!!!