Can't help wondering if at each rise in NCM's price it's not caused by the shorties loading up to ride the slippery dip all the way down to their carefully positioned bottoms.
Sometimes lately when I look at the price action of NCM I can see a rather drawn out head and shoulders pattern. The head looks like its taking an expensive haircut. Come to think of it it looks like an inverted Mohawk bumping up against the trend channel.
Anyone ever see that Jungle Jim movie where he's stuck in quicksand struggling against the odds not to go under.
One flicker of hope is at least the Bollinger Bands are constricting ATM. But I can't help but wonder will this be one last contraction that forces NCM to gasp for breath?
We are approaching India's gold season where everyone gets married and showered in gold. But rumor has it India is somewhat starved of Rupees and its not going to happen to the Great Expectations we hoped for.
Prove me wrong NCM. And maybe then I will buy a truckload.
NCM Price at posting:
$12.57 Sentiment: LT Buy Disclosure: Not Held
