NCM may flatten its rate of decent here after the doji candle yesterday, with a low at 13.33 .....
..... however, even with a small bounce, technically the downtrend will still be in place for NCM.
Major downside targets, still at about:
12.56 and 9.45
Short term time cycles, where we may get some NCM news:
16-18052005 ... looks more positive, in the short term ..... a small bounce here .....???
However, there's a cloud hanging over this stock, regarding "hidden" issues ..... and it will be there for a long time yet ..... probably not really going away, until about January 2008 ... this stuff will come back to haunt them many times, until then.
26052005 ... maybe some positive news here, but
30052005 ... heavy-duty negative, about money issues ... ???
Will do some more analysis later and post the long term time cycles, at that time.
happy days
yogi
:)
NCM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held