Bikoo…you have a good memory

I searched Rambus Site for the CDNX chart you requested …here it is

This next chart for the CDNX is a long term weekly look which helped me find the top, back in late 2007. At the time, I called that huge trading range anything you wanted, because there were several pattens that could work out. The bottom line was, whichever way the price action broke out, a big move would follow. Keep in mind that was at the height of the bull market up until that point, and no one wanted to believe that big trading range could be a top.

The big clue came when the small red triangle formed on the right side of the trading range. Until it broke down I still couldn’t say with any confidence which way the big trading range would breakout, but once the price action broke below the bottom rail of that red triangle the writing was on the wall. Again, there was no way to know the magnitude of the collapse only that an important top was in place and an impulse move to the downside would follow. This was also about the time I had to quit posting at the original Goldtent because so many gold bugs were getting angry with my bearish posts.

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Please note….back in the day the CDNX was filled with PM Micro miners and explorers

Presently it is filled with Junior Pot Stocks and Junior Energy stocks so it is not a good proxy for PMs any more