Hi Sydney - appreciate your comments, I realise I was looking at it in a very simple way - but I'm a born optimist.
I'm not a trader but have often thought that NCM's regular 5 or 6 week cycles since early 2008 must give folks a good chance to make some cash. Do you know what drives this.
I'd guess that based on the typical pattern the SP could turn around in the next week and put on the usual $4 to $6 over the following 2 - 3 weeks. Then again we may have a down trend superimposing itself on the shorter cycles. Any thoughts?
Cheers, Timo
NCM Price at posting:
$32.13 Sentiment: Buy Disclosure: Held