As much as today's hard trading day is over I would risk to continue my analysis:

1. The first touch of .3 took place today and was bounced.

2. The BMK trading volume is increasing for a certain number of days.

3. RoF companies went down today as well as entire sector of junior exploration companies. TSX is down in 3 digits (that is ok until it is not 4 digits)

4. The SP has finished with a bit of growth wicjh is a signal of change of pattern (3 wave Elliot's wave).

Here is the conlusion:

1. We will definetly have to try to chew .3 at least two more days. Be patient.

2. If the .30 will be recognized as the accumulation level (the SP stabilized at .30) and volume will continue to grow, we will see a bounce back to .37-.38 and a triangle side trend for some time for the next 1-2 weeks.

3. NOT will recover faster and will be a locomotive for our cripple again.

4. The negative scenario is still on the scene and the next touch of .30 will be very critical. We are at the local culmination of SP trend change.

IMO