Tax Selling NMX.V

Tax selling is taking it's toll.... in the small and micro caps this is as important as the mid and big caps... for NMX.V the recent financing activity has investors selling off shares held previous to create money to finance shares purchased in the recent tranches... add in throwing in the towel for some other reason unknown... makes the fundamentals worth considering... a purchase at this time has very little apparent downside and as the season winds down... January should see some upside from here.... as this stock according to insider buying is well positioned as any.

Enter the ticker and take note of the price movement down or subdued... where as the MACD shows considerable positive diversion in comparison... factor in the timing for the end of tax selling and watch the Level II action as buyers are prepared to buy the wash or take up the overhang...

Add another MACD and change or edit the setting so that they are changed to 48 / 72 / 24 ...as you can see the first is 12 / 26 / 9... a default setting... and the second is a modified setting 12 / 65 / 1 smoothing the first and now adding a 48 /72 /24 setting would be a more longer term version to get a stable picture of the more shorter term setting. Fundamentals aside... this type of charting should be considered as sentiment evaluation of selling and buying saturation setting up for a breakout. Having done that... now X out all three MACD's and notice this will be the third attempt to break the 50 day average and it is occurring very close to the end of tax selling... I particularly like the positive mid term 48 / 72 / 24 MACD confirming the shorter term MACD's... Keep an eye out... this isn't gold... and as such has nowhere near as much volatility. As well shorten the time frame and do a closeup on the most recent action and notice the expanding averages in the MACD 48 / 72 / 24... nothing is guaranteed, but from a simplistic evaluation... things are looking good... lot's of positive diversion... something should give in January 2014

Dave GLTA

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