PLS chart, page-8646

Hi Darkstone

On my next chart i got rid of the candles for a line to make it easier. Notice that Frey is a leading indicator in a number of cases case along the chart. Look at the Frey peak on the 12 Aug, PLS peaked on the 125 Aug , another recent one is Frey peaking on the 5 Oct with PLS peaking on the 7 Aug.

Todays very strong PLS action obviously based on a record BMX pre-sale. Let's see what's going to happen next?

On the PLS FREY comparison chart I want to point out something that happened to FREY last night in the US it fell 8.11% meanwhile today PLS rose by 5.83%. On my comparison chart I cannot find such a reversal clash of direction at this sort of magnitude. They usually travel roughly in sync
with a couple of days. I suspect the latest BMX is responsible for this reversal clash, maybe rose coloured glasses worn by the strong buyer today? Who Knows?

I have included another daily chart using candles for Frey. The purpose of this chart is for the readers to see the huge upward daily gap Frey posted on the 24 Aug a upward gap of 10.95 to 12.03 that's a still unfilled gap of 107 cents. Enormous.

The recent fall of Frey SP to close at 12.24 has taken it within range of that GAP. What will be the effect on PLS if that GAP is filled sometime in the future and the rose coloured glasses of PLS buyers wears off.

I will be watching to see what plays out.

Just the way I deal with the markets so that I am not surprised by what plays out. As always DYOR.

cheers Lies