NALCO

Value Wave Investment discussion

Nalco has started wave 3 circle up longer-term but short term maybe only developing initial waves i and ii where wave ii has pulled back to the 61.8% retracement mark near 31 holding which we may be about to start minor wave iii of wave 1 or wave 3 circle up. Interesting to watch this play out as most metal stocks show minor wave ii down in the last few days of selling and should accelerate together in minor wave 3 of this move.