Noble had a breakout to 1.07 yesterday. However studying and analyzing the min chart, it's considered a fake breakout. The fake breakout is a maneuver used by the BBs to lure retailers in so that they longed and the BBs look to unload.
Today the price spiral back down to a low of 1.04 again! This time round the selling was in a fast and furious speed where the BBs performed a gap down early in the morning even though Dow went up for 96 points last night!! So does Dow has an effect on Noble? Absolutely no!! Learn to read charts individually, understanding market + human psychology is much more important than any news, tips, fundamentals and technicals.
Ronald K - Market Psychologist - The Big Speculator
