Thursday, July 1, 2010

INCO - BULL & BEAR SCENARIO

INCO IS CLEARLY IN MEDIUM DOWNTREND, THE ONLY BULL SCENARIO IS A POSSIBLE REBOUND WAVE ABC BEFORE BREAKING DOWN 3200 TO CONTINUE DOWNTREND MOVE TO 2700.

AS FOR BEAR SCENARIO, BULL DOES NOT COME OUT AROUND 3400-3550 & BEAR MANAGES TO PUSH PRICE BELOW 3200 DIRECTLY, THEN 2700 SHOULD BE REACHED FASTER.