Dow and S&P 500 looking very toppy. NASDAQ a paper mountain. The Alibaba IPO will suck the life out of the market just as QE3 winds down at the end of October. Interesting to see what happens to the valuation of Alibaba going forward. Money has switched from bonds to stocks since end of August. Perfect storm brewing for year end.
I won't bet against gold or NCM falling below $10. Sometimes SG fundamentals just don't work. I think EWO has a point. NCM is the only large Australian gold miner. It is the go to stock. Might be stupid I know, but it's true.
A long trade from $10.50 is starting to look the goods IMO. Pity as I don't have any mobile trading for the next few days and can't get to my computer during market opening hours. We'll see maybe not being able to trade might save me, but I doubt it. Looking good from here IMO.
SilentO
NCM Price at posting:
$10.64 Sentiment: None Disclosure: Not Held
