NCM 0.00% $23.35 newcrest mining limited

finally some cracks in the rally, page-5

  1. cha
    5,816 Posts.
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    be careful sg
    US are a bunch of traders who changed the accounting rules last week. not fair but it is reality. they did it for a reason.
    reporting season over next 2 weeks may provide some surprising upside to the dow. reports may now be more positive with bad debts quarantined.
    jobs report last friday was bad but ended up a positive for the dow.
    same could now happen again.
    who knows but there is weakness in chart for gold and ncm.
    should be safe for today and friday for a bounce trade but beyond that is risky.
    why not load up if gold falls further and let the market take the risk out of the trade.
    I see support for ncm at $27 and then $24. it will be my big trades again for 09. 08 was a cracker in ncm.


 
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