POTASH

On April 16th I wrote

"Going forward I would watch POT like a hawk its curve is turning parabolic. Maybe some crazy money is moving in."

(Link to the globeinvestor.com to view the Chart ).

Pot has since re-traced. Is it retracing back to its upward trend line? Will it bounce off its 50 Dma? or would its holders be spooked by a strengthening US dollar along with the other commodities?

It is not looking good especially that its volume on the down trend is higher than average.

I would set a strategy to protect the down side and continue to watch it like a hawk.

It is not the time to go to sleep with this stock stashed in a drawer. This stock represents a commodity and some analysts have estimated the world known reserves of Potash to be good for 300 years.

Technical Analysis

Some of my friends consider technical analysis to be no less than bull. They believe that only fundamentals should guide the investor.

I believe that every active investor must comprehend technical analysis and use it as a tool to help in buying and selling stocks at appropriate times.

Technical analysis books are a dry read, but if you want to learn some about technical analysis and how you could apply to your investing, you could watch Larry Berman's call on BNN every Monday at 11:30 or link to http://watch.bnn.ca/bermans-call

Larry's presentations are easy to follow, very informative and he does not down play the importance of fundamentals.

Each of the aired programs ends with an educational segment which is quite interesting.

PS: Markets Bull has no interest in Larry Berman's aired programs. I just believe that he is one of the best I listened to and this is No Bull.