NewMarket Technology (fka NWMT)

[sbc357]

Hey Augie,

I would not touch NMKT with a ten foot pole right now. The only thing that is see that has anything positive to it in the charts is the Aroon(8) shows the Aroon up crossing over the Aroon down to the upside. However, EVERY OTHER indicator shows that there is still a whole lot of pain to endure before there is likely to be a positive move worth any money being placed on the table.

I would bet that that Aroon up starts to turn back down and goes below the Aroon down within a few trading days, and that the Aroon down takes a dominant position at 100 for a while.

Don't like these charts at all right now.

Let's see what happens over the next week or two and see if my studying is starting to give me a better feed on reading indicators. Man, I sure hope so, LOL.

Family is well. Hope all is going good for you. Good luck.