Angry without spy equipment and listening devices we don't know what the market players are saying behind closed doors. But that is exactly what the charts tell us. The charts when read correctly give the signals that the major market movers would prefer kept secret. As rightly pointed out it was a bad day all over the market. Strange though how on this bad day after a reasonable ann that the lower pennant line is breached and not broken. That in itself is a very nice signal. The other major signal today and in previous days is what triggered these moves. And the last signal that many of you should be aware of and hopefully know the reasoning behind is the amount of X trades that went off today at a few specific prices. It is always a matter of the charts playing out, because the charts are a colour picture of what's actually happening with the stock behind closed doors.
GCN Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
