RHK 0.57% 88.5¢ red hawk mining limited

fib works well

  1. 1,538 Posts.
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    As my previous post on 26 Aug :

    "From 1c/L to 25.5c/H, FMS has completed 7 waves up. On 3 June, FMS started down trends:
    61.8% = $0.10 (may be soon)
    78.6% = $0.06 (?)
    All lines (RSI,CMO, RMI, MACD) are on the way down. Should see further fall".

    Today fall to 6.3c (just 0.3c different!)

    Global market enters a long term illness. XAO did run up too fast on a straight line from March 2003 to Nov 2007. It will fall much harder (< 4000 soon), can be 3500 by end of this year. Test Fib ratios

    High 6873 on (2/11/07) Low: 2,666 (14.3.03)

    Retracement

    23.6% = 5,783 (done)
    38.2% = 5,188 (done)
    50.0% = 4,706 (done)
    61.8% = 4,273 (soon)
    78.6% = 3,566 (may be)
    100.0% = 2,666 (may not???)

    If XAO hit 3500 then FMS can be back to 4.1c as my previous prediction (hit the head of a candle on 21/4/06)

    I may be WRONG but take care and good luck








 
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