re: Ann: Newcrest closely monitoring situatio... the next few...

re: Ann: Newcrest closely monitoring situatio... the next few sessions will be the deicder for ncm....

it's about 30c of the 61.8 retrace from the last low ...

I know you fundies don't care about TA but I use both....


A few things can happen here...$42 is the magic number...why ..because it's the 61.8 retrace...

Shorters are looking to pounce here..ther are 65K sell orders on at 42

ncm reverses 90% of the time at this fib
there r 65K sell orders on at that price..but shorters don't lick your lips too quickly....the underlying trend for ncm is very strong


I find it useful to trade using glasses with one bull lens and one bear lens...