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January 17th, 2018

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Uraniums


ChartWorks: published by Institutional Advisors
Bob Hoye
August 19, 2007
Technical observations of RossClark@shaw.ca

In March we likened the uranium’s to the oil sands of 2006. . . a story that had moved from “page sixteen to page one” which all well-informed investors were aware of. A correction in the stocks to the 20-week Bollinger Band with a weekly CCI(20) target of -150 appeared to be in the cards. By mid June most stocks in the sector had achieved these downside targets. A few (Cameco and Tournigan) were bucking the trend, but have since succumbed as pressure mounted across all sectors of the market.

Over the years we’ve written about the 19 to 21 week corrective process that the uranium’s have gone through since bottoming in March of 2000. We are now within two weeks of the time frame for a low and any move back above -150 in the weekly CCI(20) would suggest that the bottoms are in place. Initially, a corrective rally, retracing 40% to 50% of the past four week’s decline and testing the June lows appears in order.



BOB HOYE, INSTITUTIONAL ADVISORS
August 19, 2007
EMAIL bhoye@institutionaladvisors.com
WEBSITE www.institutionaladvisors.com


The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized.

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