technical analysis help please, page-7

It is hard to predict what will happen day to day but fear and greed are two strong emotions that usually set the trend.

At this stage it seems that some fear has entered the market after a strong run up and therefore most stocks across the board are declining.
Even though we have had a good run up since March the market overall is still technically under its long term P/E , its just that some traders/investors are increasingly unsure of what is around the corner, therefore taking profits on stocks including great companies such as NMS.
It seems that the next few weeks to couple months may be volatile so if companies such as NMS get sold off in a big way , it may be an opportunity to top up on holdings as these type of companies are just to good to go past.

I saw an article yesterday confirming the fact that some of the big oil companies are increasingly having to explore the ocean depths for large oil deposits... only more great projects for NMS to come ...