is it a good trade robbbbbbb kevi, page-28

Major

"the chart will only reflect recognition of that "1 for 10 swap" if the market recognises it... and adjusts the trading shareprice accordingly"

I would be curious to see a share price that doesn't recognize 1 for 10 swap when trading commences. Moreover, I would like to see any chartists that have not taken this into consideration and are still in business. Fortunately your stock broker will probably flush all orders for you on that day :)

"The charts are a simple replication of market sentiment(prices) and not of fundamentals as you are proposing."

I am not proposing any fundamentals on which I do I have a view but it is a subject of another discussion altogether. The point I am making is NOT related to "why" or any fundamentals. And I really do not mean to get into a general discussion between TA and FA.

I am simply pointing out that "what" (TA) has changed due to SPP so it is relevant to TA. Therefore it cannot be ignored in charting. And I believe you are oversimplifying.

I will give you an example how SPP is VERY relevant to charting. A support level of around 96c (don't quote me on exact number) has been referred to in Robbbbbbb's post. To me, the new 96c is probably more like 65c (not exact numbers) based on ex-rights theoretical price.

My view is that TA should include these considerations (and as an example, even much smaller ex-dividends adjustments are included in trend analysis). I can refer you to some reputable sources if you wish.

mlc