ncm fundamental outlook and basic technical, page-4

A quick look at NCM chart......

what we have is an emerging pattern of weekly movements either up or down.....or as depicted on the chart...days......

we see we had a 49 day up.....7 weeks

next a 45 day period.....a very common cycle

then a 56 up period......8 weeks.....

and now down for 63 or 9 weeks......

think that will be the bottom.....I am partly basing this on the huge spike in volume the last few trading days......of course after a rally we should expect a test of this low on lower volume to confirm that we have seen the low....

so what we may have now is a repeat of anyone of these patterns.....however I am tipping an increased period on the 9 week period....with a target of 70 days or 10 weeks

also we have a divergence formed on the slow stocs......another Bullish Sign