pivotal support at $3.40

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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chrism

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pivotal support at $3.40

posted on Jan 24, 2008 06:33AM

If we can hold $3.40 we may breakout, however right now NOT and many other juniors are at the mercy of the TSX which is at a pivot point. Look for NOT to retest and bounce off $3.40 a few times as a positive intra-day indicator. The TSX is our best directional indicator right now.

We need to see a volume spike on this next upward leg to confirm another rally, which would signify professional buying interest. There is a serious lack of volume right now, which means lots on the sidelines whom are unconvinced, waiting...

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