Haven't posted in almost a year but its a new year so thought I...

Haven't posted in almost a year but its a new year so thought I might begin posting occasionally again.

Below I've attached my analysis of the NWE monthly chart, focussing on the price channels that NWE has been trading in since the late 1990s and also since the GFC began.

Hopefully its fairly self explanatory.

I concur with the many highly regarded posters on the NWE threads who see buying around these levels as a bargain with very big upside potential.

From the channels, the fibs and the time from pre-GFC top to bottom I think there is a high probability NWE will run to at least 12c (300% return) and possibly 20c+ (600%+ return) between now and the end of 2010.

These targets IMO are also supported by the potential of NWE's projects.

Anyway, with a new month starting tomorrow it will be interesting to see if we see some buying begin to arrive again tomorrow/this week or whether NWE will continue to track sideways until we see significant news and/or hit the base of the current uptrend channel.

Either way, IMO patience will be handsomely rewarded.