RHK 1.14% 87.0¢ red hawk mining limited

i have warned

  1. 1,538 Posts.
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    I have warned market since I was out @ 19.5c. My recent prediction (9 Sept) just comes true (7.4c!):

    "CMO is on the way down to -50, RMI down to 10 and RSI down 30. If it cant hold at 11/11.5, a fully inverted parabola may complete when sp fall to 9.1c. A supporting line is at 9.1c, 8c or in a worst case at 7.4c. However, all lines will be at the bottom when sp hit 10c/9.1c/9c. So 8c or 7.4c is less likely to happen (BUT WEELY CHART SHOWS IT STILL CAN BE). Without good news it hard to see sp can resist further fall".

    Now the next level maybe:

    78.6% = $0.06 ((base on High: $0.255 and Low: $0.01)

    OR the big risk is @ 4.1c (hit the head of a candle on 21/4/06)???

    I may be wrong but take care and good luck.


 
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