G'day,As I will be away for next few days and popping the...

G'day,

As I will be away for next few days and popping the question to my Princess, I thought I would post now my best tips for coming days.


BGF, Ballarat Gold, has set itself up over the last few trading sessions for another very strong rise. It has an extremely positive chart, and from the current 3.6 cents, I see at least 6 cents very soon. I have mentioned its credentials before if you care to look up old posts.


I have done a little more research on ICS and have convinced myself fully that it has been oversold with the obvious no news over Christmas senario, and will bounce strongly.

ICS have signed a lot of contracts in recent times for the Thelma hospital recording system, and is increasingly achieving critial mass. You will notice from announcements that they have been announcing up to 8 hospitals at a time which are taking up the service. The word I am getting is that Mayne Healthcare will be the next to sign in the new year.

It then becomes the situation where others have no choice but to keep up with the technology.

Technically, I have been waiting for months for it to trade down to the low 40s, and finally in the week before Christmas it did. This was the correction it had to have whilst remaining on a long term rising market.

Fibonacci believers will note ICS has followed the patterns very closely, its initial correction making an exact 38 %, this one reaching 62% of its year extremes, taking it to $0.39, and closing at 62% of its 20 cent breakout, at $0.42.


It has held these levels and should make a strong move back. My research suggesting the current sell down has been based on lack of information prior to Christmas, with nothing fundamentally wrong as suggested by the broad based and growing contracts with more expected new year makes me confident of my targets. I can see no reason why ICS should trade below $0.39 and hence enter a long term falling market with its current fundamentals.



So these are my two favourites at the moment. Nothing else has hit my radar screen in recent times.


I wish you all the best.


Newry