NW Tech Capital, Inc. (NWTT)

[MeJeff]

I think .0002 is unlikely. Take a look at the chart and the L2. .0003 is a MAJOR support line as we saw happen this week. Not only is .0003 a major support, but the 50MA is hovering right above .0003 which also provides support. I said on Tuesday that I thought we would bounce off of .0003, and so far that looks like what is happening. Bids are stacking up nicely too.

Bid
6 @ .0004
3 @ .0003
2 @ .0002

Ask
5 @ .0005
1 @ .0006
2 @ .0007

The golden cross I keep speaking of sure looks like its coming. Barring any major collapse in PPS, even if we only held .0004 and no higher, the golder cross would happen in roughly 5-6 weaks. Any PPS higher than that will help expedite the cross. The golden cross is a very bullish signal and I suspect it may be enough for us to test .001 just on its own. However, any decent news, and I beleive we'll test .0016 by months end.

I claim the right to make these guesses...um...I mean...predictions, null and void if any announcement of the silver merger or a timeframe for gold is released.

Don't get too worried when the next move up happens and we retrace. Retracements are a good thing. They build new bases. The bear pushes the bull back a few steps, the bull plants his feet firmly, and then pushes forward again! (Of course this can happen in the other direction too as you see at the top of a run when the bears take control.) We were at .0001 not too long ago (around 5 weeks ago), then .0002, all the way to .0009. Moving back to .0004 isn't abnormal. I would hardly count .0003 since few were shares traded at this level. Most of the shares on the couple of days that closed at .0003 traded higher. 61.8% is a one of the ratios used to predict Fibonacci retracemnts which are based on mathematical equations. In a move from .0001 to .0009, 61.8% would be a retracement back to .0004056, which is roughly what we did (It is not an exact science).


I'm sure you all heard many people shouting about breaking support. We did break support at .0004, but that was not a strong support line. .0003 has been our major line of support since we crossed it on Jan. 11. Prior to that it was a MAJOR resistence which becomes support once you cross it. So far it is holding well.

This is all IMHO of course!!! Happy Trading!!! :)