last time NC Index analyzed in mid-July in the analysis. I wrote there about the level of materiality 56.5 points. What you see in the chart from that time include the following elements:
- level of 56.5 points (marked on the chart, he defended himself until last week)
- wybronione double session support 200 (red) - in the first half July and the second half of August (where we went for a few days, even under it but without the explicit rejection - as a signal that the event is not going to be a further fall in
- on Tuesday September 14 the first time in a long time managed to get out more than 56 , 5, and not only maintained this level of close but the next three sessions of course did not come back into the resistance
- finally appeared on Friday, increased turnover, today confirmed the stroke of the large volume of
Now you can with rather high degree of probability say that we are entering (at least in the short term) in the upward trend. What is the potential range of the index growth?
weekly candlestick chart, with an average of 45 weekly (coinciding with the 200 a session), plus on pillars ticked-volume line level of today's market - and this is only the first session of the week! Higher volumes to a weekly świacach misliśmy sierpnai only at the end of 2009 and the period January - March 2010. Looking at today's volume I think that at the end of the week beat the speed recorded on the candle from 22 January 2010. What is the conclusion. I will try very prudently approaches. As a reference point candle welcome week of January 15 - we have a pretty similar layout to the candles, and of the volume. Then in almost 13 weeks of traffic growth rate has grown by about 27% (from about 48 point to around 61 points). Estimating that the potential we have and start with a similar level of 56 points is estimated to reach about 70 points. Along the way, is still strong resistance to the consolidation of March and April at 61 points, this is a strong resistance and probably there will be some stops, but the objective for the bulls is rather higher than those 61 points.
And one more thing - what's with the NC are interesting? You will definitely want to take into account those which appeared large (unheard of for a long time), speed, course, growth. In fact, most of those that I mentioned at the beginning of fall under this criterion, but it probably will, and others which are not "fired" and that have the potential. I will not give you a tray ready types, you just have to watch carefully, or be present during the session on the shoutbox:)
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