North Bay Resources Inc (NBRI)

[Cee-It]

I first started this weekly chart in June when I noticed the downward trend of NBRI had broken in February. Then I noticed the upward swings in the pattern and the first energy point leading to the first spike.

I was worried that we would break pattern and return to a descending trend over the past 4 weeks; and noted that we should see by the end of October.

Now we can see. The lower trend line was maintained and we are looking at a second energy point forming. This should within a few days or weeks build support and most likely we'll see a 2nd spike that is at least 30% higher than the first one. IMO this general pattern has a very good chance of continuing into summer of 2014.