chart, page-5

Sally, cheers for that, I was just getting your attention on the BHP thread as it gets a bit lonely over here at WOR land, prob better that way in some respect?

Coming off a double bottom very bullish indeed and up 15% in three days also kinda bullish don't you think? ;)

I've never experienced a market bottom either and i too have been burnt a bit...like everyone else... this year. Arrgh we should all look upon it now and down the track as a good learning experience i guess. You did well to sell and then re enter. Hats off to you. I know you trade as well. You seem good at it, i have also enjoyed some of BHP's runs in the last few months as well! haha nice one!

I can see your theory regarding accumulation and have been considering it since you first mentioned it. Think you may be predominately right in your logic. It certainly seems that way on certain days anyway. I've kept a close eye on this stock for a number of weeks now and there is a definite pattern emerging. A lot of flushing going on. Shorters a plenty on most days. Other days it definitely shows signs or normal trading and it seems there is general buying interest and not just institutions flicking money around.

In trading lately it's been making early day highs only to pull back lower and then revisit the high and pull back once again generally finishing near it's low. Fluctuating up to 8% or more in the session. I also think this type of pattern attracts a fair amount of day traders as there is always plenty of volume.

Lots of short coverings this week which has boosted things up. Kissed the EMA yesterday. It was only down today because it took more on Mon & Tues than most other stocks. Plus it was flirting with the MA

Some resistance now at around $1329 $13.42 $13.75, then the big one at $13.98 Oct 28 low. I reckon it's going to be a big day for WOR tomorrow/Friday, if it can break through that bit of resistance and through the EMA it's away, for the short term anyway. Of course the DOW will determine that tonight! Futures looking good atm 119pts up. But we all know that could turn to 150 down in the last half an hour:)

Interesting night coming up in the US , holds the key for the direction of our market until xmas imo if it’s big green we could be in for a confirmed xmas rally? They need to stay above 900 on the S&P 500(920 is what they are after) and above 9000 on the DOW.

WOR is looking bullish at this very moment imo showing some good signs on the chart and don’t forget the Gov infrastructure benefits that they will receive. Cheers
DYOR