Caledon Resources 2006

Pretax!! Forgot to mention in earlier post re chart..........I think we could well have here a cup and handle formation (extremely bullish) occuring. Reason I say this is.........for a classic C&H the handle (the retrace after the right hand side of the "cup") must not fall below the MA200. CDN's retrace touched an EOD sp of 29p as opposed to a MA of 27.5p at the time. If you exclude the straight line (suspension) we have a pretty well defined cup and last few days has given us an equally pretty good handle.

If this is the case we could even see a CDN breakout shortly above post consolidation high. Apologies to non chartists but the C&H is one of the most reliable indicators there is! The key here will be to watch out for a sharp increase in volume. Keep em peeled. ;-)