NCM newcrest mining limited

more downside expected, page-39

  1. 178 Posts.
    Its now closing in on my 1st target for a possible [b] wave of a triangle.

    From $14.17 its a messy decline, hence i suspect it could be a [b].

    My alternative idea, is that we "force" the decline as a potential 5 wave move from $14.17 and that will see a small bounce for wave [iv], then drop to a new low for wave [v] of 5 of[3],so we go on the "look" of a 5 wave drop from $14.17

    At these levels i think its time for the shorts to take the $$$ and run.

    The time to sell was near $14.17, selling here is dangerous IMO.

    NB: No use of The "funnymentals was used in this analysis, the ONLY thing that pay is price.

    DYOR




 
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