CHART Thread, page-407

Thx TheVinnys.

Anyone notice a similar pattern in today's trading to last Thursday? (did a post on 10/6)

1. Volume is down today, not a lot of "power" behind the SP drop.
2. The sell of 1 share at 3:59:55 at 27 - just like last week at the low for the day.
3. One seller for 500k 0dd shares that sold into strength.
4. The closing auction accounting for almost all of the sales at 27.
5. The VWAP 27.7 (almost the same as Friday) yet the SP closes 27.
6. Most likely Market making shenanigans at the close IMO. (should not be allowed by the ASX as I keep saying.......)

So, today's closing price is about one seller out of a low volume day and one market making pull at the cross. Neither aggregate to any volume of significance. Again. just some perspective - worth keeping in mind when looking at charts or assessing the SP.