Tuesday, February 1, 2011

NEM to Bounce too?

 NEM breakdown from a top?

 3C daily seems to support that view. What I'm beginning to wonder is whether there's been a change of thought on Wall Street with recent events around the world and recent evidence of inflation.

 15 min chart in a lateral area-this is typical price action under accumulation and 3C the last couple of days has gone pretty positive.

Here's a small triangle, watch it for a breakout, the real important level will be $57, but if you want to get in early on a bounce, maybe a swing up, then you may want to look at this area.

No comments: