Think before you act, page-23

Sorry if its abundantly clear, Kates, that chartists have a tendency of only the stating the "obvious" when hindsight proves them right.

Haven't seen any posts from you since you were emphatically calling the support level at $1 at the beginning of the year. Glad I chose to ignore that charting analysis. I ended up going with my "gut feeling" and bought more at 85.5c.

Don't get me wrong, Kates, I don't ignore the charts. I often let them influence me when I am little unsure to sink my neck in deeper or wisely take profit when it presents itself. You are right in that you cannot ignore the fact that the market can react based on the psychology that the market takes into account charting.

Its a bit like "what came first... the chicken or the egg?" And that's where I agree with Bripoz. If it weren't for one biggish selling dumping a fair whack, because the SP had got to 1.335 and retraced a bit, the shareprice could have punched through that previous high... thus negating the resistance.

I'd have to say that chartists only get it right half the time. Not much different to asking Barrett where the shareprice is going after dumping 115,000 sharares? LMAO

Frustrating is all I can say. It must be likewise for the company. The bloody stockmarket is one big bloody casino imho!!!