I am the first on here to hope for these things - OMG - I wear the chief cheerleader badge of honour
but, one has to realise when one is up against the numbers - and, there just are some times - BS or no BS that technicals work - 'sometimes'
yesterday I strongly believed that there was one of those times coming - hence I posted this
25450305
now, yep, I could have been wrong - but, I said to Parsifal - this is going to stop -
I didn't stop it (in fact it went through my first order like it wasn't there, and subsequently, it didn't take long for my fills either - and each order was for 50k a pop) - but, I picked it - and, to me - it was glaringly obvious on the chart.
I could have 'hoped' it would burst through and finish at a buck for the afternoon - but, hey, drugs aren't good for us - and, rockets do run out of power -
the stark reality is that this one didn't have much fuel in the first place
doesn't mean it won't in the near future - but, whoever filled that fuel tank on thursday morning - didn't put a lot in - and, it was only a matter of time before we either jumped out - or we had to push her back into the garage.
I am the first to say that technicals are as useless as boobs on a bull if you get a large funnymental change - I throw them out and start again with a large change -
but, IMO - thursday morning was NOT a large change - indeed - for anyone who has been listening - it was pretty much, no change at all.
As far as the gap goes ----------- well, I have my theory - and, I even have an idea of when it will fill - if it does. But, as is said - anything can happen.
Lets run down this last week of the financial year together and see what comes - to me - business wise - which is the ONLY thing that counts - it's been a great year I believe - assuming we have the numbers come in to back up what we have heard.
have a great arvo
TA discussion, page-5213
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