Coeur D' Alene Mines Corporation (CDE) Might Have Put In A Double Bottom Secular Bear Market Cycle Low At 41 Cents This Week
Coeur D' Alene Mines Corporation (CDE) might have put in a double bottom Secular Bear Market multi decade cycle low at 41 cents this week on 10-27 and 10-28, see http://stockcharts.com/charts/gallery.html?cde. Note that CDE has a very large very bullish inverse spike on 10-28-08's bullish white (close above the open) candle.
Please keep in mind that, after a stock/index/commodity/ETF puts in a potential major cycle low, it has to hit a 5% follow through (after breaking the major downcycle trendline) major buy signal before the Trade the Cycles system indicates that a major cycle low has very likely occurred. CDE still needs to hit a 5% follow through major buy signal.
It looks like CDE will do Wave 5 of the short term Wave 1 upcycle since 10-27 on Monday, since CDE has done an up down up down pattern on the daily chart, see
http://stockcharts.com/charts/gallery.html?cde.
To see CDE's Secular Bear Market see http://finance.yahoo.com/q/ta?s=CDE&t=my&l=off&z=l&q=c&p=&a=p12,fs,w14&c.
CDE's five day intraday chart is at http://finance.yahoo.com/q/ta?s=CDE&t=5d&l=off&z=l&q=c&p=&a=p12,fs,w14&c. CDE has a bullish breakaway gap at 53 cents, that one should watch early on Monday and all next week. The NEM Lead Indicator was a very bearish -1.11% versus the XAU on Friday 10-31.
CDE's latest earnings report looks good, see
http://biz.yahoo.com/bw/081031/20081031005200.html?.v=1. This is not a recommendation, do your own due diligence.
.......http://www.JoeFRocks.com/
Please keep in mind that, after a stock/index/commodity/ETF puts in a potential major cycle low, it has to hit a 5% follow through (after breaking the major downcycle trendline) major buy signal before the Trade the Cycles system indicates that a major cycle low has very likely occurred. CDE still needs to hit a 5% follow through major buy signal.
It looks like CDE will do Wave 5 of the short term Wave 1 upcycle since 10-27 on Monday, since CDE has done an up down up down pattern on the daily chart, see
http://stockcharts.com/charts/gallery.html?cde.
To see CDE's Secular Bear Market see http://finance.yahoo.com/q/ta?s=CDE&t=my&l=off&z=l&q=c&p=&a=p12,fs,w14&c.
CDE's five day intraday chart is at http://finance.yahoo.com/q/ta?s=CDE&t=5d&l=off&z=l&q=c&p=&a=p12,fs,w14&c. CDE has a bullish breakaway gap at 53 cents, that one should watch early on Monday and all next week. The NEM Lead Indicator was a very bearish -1.11% versus the XAU on Friday 10-31.
CDE's latest earnings report looks good, see
http://biz.yahoo.com/bw/081031/20081031005200.html?.v=1. This is not a recommendation, do your own due diligence.
.......http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
2:39 PM
0 Comments:
Post a Comment
<< Home