Hi Sid and Snakeye - there is no retail buying and hasnt been for awhile - a lot on HC seem to be "set" and the SP wont rise unless there is an insto driving it. There was a chance on the close of .12 Thursday but Fri afternoon looked very weak and thinking it was going to post a bad weekly, I sold down.
Earlier in the week I think we were seeing trader distribution - the stacks of .115 appearing and then getting sold into. Looked like it enticed a few more buyers who saw what they thought was stength but were taken out.
Snakeye - you may be right with that Adam and Eve double top. It will be interesting if the trough of .10 holds. If not, we are back to start. I read that around 65% of patterns fail to break the trough but a lot of them will go there.
Happy to buy back at a higher price once we see some confirmation, but for the moment the pattern not flash. The only slight positive was the pincer support of .11 but there is not much conviction at .115.
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