armstrong production asap, page-22

Hi wayne

Gaps up can be a bit hard to read consistently.

Sometimes they signal a big sustained move, often with more gaps on the way up.

Other times they come back very quickly.

I took my cue from the last spike and gap up which fizzed quickly.

There are traders underwater here (which puts pressure on the sp) but I think the reason they are underwater is because insto/s sold into that spike and have been offloading ever since.

Eventually they will be either done or will be overwhelmed with good news (hopefully).

As always it's pretty annoying being on the wrong side of instos.

LOL