I used to able to change my govt super before 9:00am and get the previous days close. Wake up, what did the DOW do? Lost 200 points, then transfer super into cash before 9 (no direct shares available then). They changed the ball park to a delay of 2 days.
I then had to analyse market movement for 2 days ahead (fortune telling). It showed me 3 days is the max number 90% of the time, up or down.
12 month chart does not show enough volume to say that the insto's have created a pocket pivot. I would call it a pump, especially after the 2 newspaper stories today. I am not saying it will go down, just saying that this trend looks to be coming to an end. I sold a parcel @ 4.04. I put my money where my mouth is.
GXY Price at posting:
$4.04 Sentiment: Hold Disclosure: Held