Sunday, September 5, 2010

Endeavour Silver Building "Cause"

Thanks Eric, they change with the flavour of the month.....that is interesting about trend energy....I think endeavour looks good for a double.....

CIGA BT

BT,

Endeavour is but one miner displaying new highs in trend energy while price lags behind. This classic setup reflects a buildup of energy like a magma dome of a volcano that can only be described as the "cause" before the breakout (see example). The coming breakout in the junior miners, which baring some unforeseen micro-specific stumble should include Endeavour, will characterized as the one that blew the barn doors off the hinges in retrospect.

Best Regards,
Eric

Endeavour Silver (EDR-T):

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