| Followers | 17 |
| Posts | 965 |
| Boards Moderated | 2 |
| Alias Born | 07/08/2002 |
Friday, July 15, 2005 9:55:14 AM
NEM 2004 bottom vs 2005 bottom(?)
2005
2004
KGC 2005 bottom/uptrend
Looking at a couple things here. NEM needs to hold 38% Fib or 36.9 level on a closing basis. Ideally KGC should hold uptrend at 6, but not a requirement. KGC should be a leading indicator due to it's leverage. OBV for 2004 vs 2005 is somewhat worrisome and leads me to believe odds are better than 50/50 that NEM will make new lows before the year is over in the 30-32 range. Today/monday are critical days. Rally still intact while NEM holds 38% Fib though.
2005
2004
KGC 2005 bottom/uptrend
Looking at a couple things here. NEM needs to hold 38% Fib or 36.9 level on a closing basis. Ideally KGC should hold uptrend at 6, but not a requirement. KGC should be a leading indicator due to it's leverage. OBV for 2004 vs 2005 is somewhat worrisome and leads me to believe odds are better than 50/50 that NEM will make new lows before the year is over in the 30-32 range. Today/monday are critical days. Rally still intact while NEM holds 38% Fib though.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
