NCM 0.00% $23.35 newcrest mining limited

I'm hearing you Snider. I'm trying to identify the timing of a...

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    I'm hearing you Snider.

    I'm trying to identify the timing of a short term bounce (5%-8%). Not necessarily the 12 month low, multi year low or all time low on this company.

    But I agree that it is now likely, given the close proximity to 20.89, NCM will go down to that area to pay a visit.

    Aussie Bulls: It works off the Japanese Candle Stick system and candle stick analysis does have merit. Unfortunately, the previous day's (doji star) and yesterday's candle that triggered the buy signal (normally a sound buy signal), was tricked by the fall in gold price overnight. Aussie bulls can be used as a guide, but doesn't work in a tricky market
    with extreme bearishness.


 
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