The big four miners (BHP, RIO, FMG & NCM) are all up this morning.
Can we have a bounce back today?
After the two previous TH's our lowest intra day low for the period between the TH's was equal to the intra day low on the day that trading resumed.
That is 6.5c after the TH on 18.12 and 7.1c after the TH on 06.01.
For the last TH our intra day low was 7.5c on the day the TH was released. Yet the next day we went lower to 7.1c and lower again today.
My money is on a recovery today back to 7.5c.
Sentiment: Eternal optimist
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