sellers getting impatient, page-56

I love it when someone keeps hold of my posts, it obviously shows what I am writing holds some level of interest.

The decline from 1.28 was caused and has been interrupted by bottoming cycles. We had the 9-mo cycle been and gone in Feb.

The 17-wk cycle is due next week, but I think the sp has already bottomed last Friday. The 22-week could keep prices in a trading range until mid-March. From then on the sp will continue a bullish move.

I bought a sizeable amount on Friday at 81.5c; I have put in a stop just below the resistance line, as this and next week could be rocky, and I don't want to be caught out if there is a a one off event.

Cheers, D.