Thank god for a move upward, i was getting worried we were going to see $16. This puppy has been sold down hard. Charting wise Fibonacci approx 50%, fortnightly support at 200 SMA, daily RSI and Stoic turning up on very good volume. End of financial year cooking of the books is over and we are still looking at major levels of debt/instability in Europe. However if it doesn't hold support at $22 I believe its curtains to $16. Does anyone else think the yanks are pushing their market too hard, I can just see the DOW toppling back to 11000? Then we will get QEIII followed by Gold bull run.
Please don't take my rant as advice cause like the rest of you im just holding on by the seat of my pants. Well done to those who bought at $22 I still have a bit of catching up to do to $24.72.
NCM Price at posting:
$22.59 Sentiment: Hold Disclosure: Held
