No doubt that some had a wiff of today's announcement. No doubt. What are the chances of a huge day in volume of people selling and the very next day an announcment that essay results will be some time off. Npot a coincidence. CAD saying a month. More like 6 weeks at least.
The SP will waver as there is no catalyst. People sold. Simple.
Nice bounce back as people realised that the prices were a bit if a bargain. No results until the end of Novemember - at minumum.
SP wont hold at the highs, so those who knew acted on the infomation.
Its pretty straight forward.
CAD Chart, page-374
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