let the games begin, page-32

If anyones interested in some charts, first up we have a repeat of the same intraday chart of last night but this time we can also see todays action
which happens to run fairly similiar to the following day of the first 'Operations Update - 07Jan'...

Now this time around what's the difference we ask ...well first up lets be practical, on the day bar it finished almost on its butt as a high volume upthrust,
this high volume often refers to a high amount of selling by the pros.
If you were selling your house and wanted max dollars you'd throw the price up as high as you could hey, well same here,
the pros may have been looking for a good reward as well, and as we all know they often wont collect until they're satisfied with a good outcome ie. much lower shareprice

Now if we flip the coin and put on our rose coloured glasses, these are ones that some on this forum seem to never take off, even whilst asleep they wear them :)

Looking back at the action of 07/08Jan, that high didn't take out any previous high to the left, true..
Well today the high of 65.5cents (which contained high volume) did actually take out a high and that was that other sneaky little
bit of supply on 14Feb afternoon, some may remember that late high volume surge, all at the time we're asking whats happening,
and unfortunately found out real quick with an almost immediate falling shareprice (SUPPLY)

So (with rose coloured glasses fitted) today may have been an ugly finishing attempt at absorption (with a 'P') volume, absorbing that 14/15Feb supply.

Also 07/08Jan action had a wider spread of 10cents, possibly providing a higher level to cast their supply off, better returns hey..

This time around though these 2days have been much narrower in spread, only 5cents... mmmm...

But anyway back to reality, yesterday and today should be treated as having potential weakness, and our gang will always wait
for that high level of potential supply to be successfully tested, simply cause thats one of the signs of what the pro money will allow to leave.

If for the ST they are not interested in higher prices, you will most likely witness other signs of weakness.

If they are bullish and today/yesterday was that ugly form of absorption that we spoke abt,

well one should see more signs of strength or bullishness in amongst the next short period...

and lastly today is described as a hidden upthrust but these will mostly only succeed with weakness not strength in the near background, which have we ?

P.S. cheers SS, Sutekh and Subah

daily