SOR 2.38% 4.3¢ strategic elements limited

Serious Technical & Fundamental discussion only, page-293

  1. 818 Posts.
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    Hi!

    It's a bit off the wall, but at present the 20 day SMA is lower than the 50 day SMA which, given the low turnover so far, including a period of nearly half an hour during which no shares were traded at all, seems to indicate that the market is unsure of which way to move. My feeling is that it is bullish but only very weakly so. All moving average indicators are very closely bunched together, so ONE Sell trade of 300,000 or so could be enough to reverse all their respective values and send the market tumbling as stop losses are triggered. My sentiment at present is to sell and take a quick profit - before someone else does and beats us all to it.
    But, as I said at the beginning, this is a bit off the wall and my feeling only - NOT investment advice!
 
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