HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: I hate to say anything TA related

I hate to say anything TA related

posted on May 28, 2008 07:03AM

BEFORE it happens, more often than not it's as though they pulled out all the stops to make it NOT happen. Usually I wouldn't subscribe to such theories, but I just don't know anymore.

However, as much as I'd like to see Noront in better shape than it is right now technically, I still see some things that might help others to hang on ( or sell, if they're more comfortable with that....)

At any rate, I really do believe we're gonna see it brought down a few more pennies, to right around $4.00. That will create a double bottom on the multi-day, intra-day chart, as well as on the daily chart.

I wouldn't be surprised if they play really dirty and drive it down low only to see it recover instantly. Personally, while it takes real guts to withstand a tree-shake like that, it proves the strength of the stock and the shareholders when a stock recovers like that, and leaves only wick on the candlestick at the bottom.

At any rate, a double bottom is often the base camp a stock will build before it begins it's eventual ascent again.

The other thing that holds a bit of promise is the weekly chart. MA's are crossing over there...( last time I said that, they moved apart shortly thereafter...drat!)

Anyways, make of it what you will, just some stuff that might help y'all out.

GLTAL

Share
New Message
Please login to post a reply