AK - the longest day
Canada - Confederation Day, known as CANADA DAY,
and the USA Known as the 4th of July, celebrating Independence
Review Dicussion & Preview:
We were treated to a very nice drop of approximately 8 market days stoping at an intra-day low of DJIA 9574, now at 9727 as I write this. Nimble and agile traders were able to pick off $2 from TZA in a matter of 8 days, 30% in 8 days. Funny to see guys brag about 30% in a year, when that is simply currency rot !!
Whether larger forces can inteverne forcefully enuf to buoy markets up, I see the market moving down in a “sawtooth” or “stairstep” fashion. I cannot say where I expect it to end price or level-wise, rather, saying I'd look to Mid-August............"
And as the added bonus, the lead selection issued on Jun 30 ramped from 1.49 to 1.83 this morning as a day high after opening at 1.74. Trading Canadian Stocks in the Pinks can be tricky, but in this instance I think it may be the start of something good, but only time can tell.
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