Monday, May 30, 2011

yesterday's charts

Well well well. Yesterday's chartie prediction post has come back to haunt me. RIO dumped a fair bit, back into its previous ascending channel. BTO looks like it's rolling over. And SWD pretty much had no volume.

If I were any more clever I'd have actually sold them.

But to tell you the truth, I want to see what the action looks like on Tuesday, when the US is open for business again. For example, the stupid Peruvian BVL lemmings puked a million shares of RIO into the market on a day when only Canadians were there to catch them. What would have happened if the Americans were around to buy?

As for BTO, well, again, there was no buying volume, and selling volume was also pretty miniscule.

It certainly would have been nice to have dumped my RIO at $2.70 though. That's what I woulda done last year. Oh well. Buy and hold means it's easier to do my taxes at the end of the year.

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