NKO update

NKO sept 2012

If you followed the August 2 blog you would have either been stopped out with a $4 gain or made about $6, both on $13. Not bad. Also you are not participating in today’ dive! At present levels the stock must. once again , soon become a buying opportunity. No idea what that level is, perhaps somewhere around $5. Of course ,using English math., coming from 110 and soon trading at 10, constitutes a drop of 100 % and you cannot do more than that.

For educational purposes I have put a little red arrow on the spot where, according to the real bearish EWavers we are today in the overall market. Perhaps, perhaps not.