CXO - Chart Thread, page-3389

I think a lot of this has to do with instos unwiding long positions after a recent surge (which we had a while back) i.e profit taking at certain markers like 20% profit as an example. If you look at volume and time you can see some indicators that this might be happening. An unwiding of a large position can take time as they may only sell a bit per day in order not to crash the SP. This may be why every attept to rally on open gets sold into. This is just an opinion of course but this pattern does seem to happen more so in times of uncertainty. This is why I hold long term and don't worry to much about this kind of thing if the company fundementals remian good - it's best to not get too concerned while this is happening - often good times to buy in at certain points. Just my thoughts and happy to be corrected by the experts here!