tomj2417

Cameco Corp - Bull trap being sprung?

Short
NYSE:CCJ   Cameco Corporation
Plenty of chatter about the possibility of Uranium and related stocks starting to climb after years in a bear market. Trying to work out this long term correction was all but impossible for me and I'm not that convinced by my count. However this count suggests that the bear market is not over and reckon that the present uptrend may be just a 4th wave correction working its way out. I still think that there may be one more decent leg down to follow in a final 5th wave of a C wave. In the short term though I see some upside as this 4th wave correction plays itself out.
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