Afternoon trading June 8, page-47

CPO. The bottom line chart OBV, is a rough guide as to whether the majority of trades within the time frame (daily in this case) were buys or sells into the bid. So it shows that most peeps were buyers and have not sold down. So there is the flat line and the buy volume is going up. Only about 15M sold out in last two days.

The rest of the trades were churn or distribution that has allowed smarties to take profits from punters who kept paying up.

Mug punters usually refuse to sell if they have missed the tops so they hang around waiting for the SP to go up. Smarties just get rid of their stock and if the SP falls quickly the rest just sit there.

That's why you have to have an idea of a target and just take profits without going to a meeting or hoping the sp will go higher. The odds are it won't.

You can only base your actions on what happens most of the time.

For every GAL that keeps going up for longer than seems logical, there are heaps where the SP falls very quickly.