Friday, January 27, 2012

URRE Consolidation

It's always that 3rd trend traders forget about when faced with a reversal, (up and down and sideways).

The forecast was for URRE to meet the 10-day moving average and it looks like it will do it by simple treading water and waiting for the rising 10-day to meet it. Remember that a consolidation can occur through price (pullback) or through time (consolidation).

 The consolidation

 We are seeing some accumulation in to the consolidation which is what we want.

Long term the trend is looking good.

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