cyclichigh's - doin' it nude thursday, page-97

Big D, all I can say is our market is taken it quite well. After the initial drop down its gone nowhere - so somebody's buying in the bottom - How well the sellers are absorbed we won't know till we see what happens next.

BHP has broken above and tested its opening 3 min bar (which looks like somebody just opened up the bag and collected all the pennies coming out of the Jackpot) so there is an attempt to hold it up - we could possibly finish as a potentially strong bar today but will have to wait till the close. I suspect our market may be factoring a bounce on the DOW - its a little early yet - but if the DOW bounces we are interested in HOW it bounces - or better yet(for the bulls) if it drops further but on very narrow spread then I would expect it to bounce -
But anyway - it looks to me so far that Roman shield wall on our Market is holding the line at the bottom there and after the initial open the selling pressure has come right off - so there must be some buying in the bottom.