afr article, page-25

Hi Mayo1975,

1975, so you are the Year of Dragon, I was born in 77 I am the snake.

Just a simple chart, 10 days one hour. Looks like the selling has stopped (for now). The last 3 days our market xjo has been down, and AIO has managed not to fall, that is pretty impressive, I wasn't expecting that, so looks like the around the $1.37 would be our short term support. We are all waiting for news, and price has memory, and we all like to remember good things, (before we go betting, our brain always think about the most recent wins, not losses.) We as a human being likes to think of positive thing. Before we say hello to the girl at the bar, our brain has already pictured going to bed with the girl that night.

The most recent win for AIO was $1.81, and most would put a sell order at $1.75~$1.80, because we all knew what happen that following Monday.

Then we have the bad memory, which is $0.415, but that was so long ago, so unless something real stupid happen over the next few days, most likely we won't see $0.415 for a long while, because the next support would be the Dollar mark.

And if count the days from the 22nd of April 09 to now, we have had around 20 trading days in these $1.3X level, this is a strong support.

The reason I said $1.50 short term is, it is not hard at all for her to bounce up from here to there, it is a realistic target for any short term play. Buy heaps and milk 7~8% out of her. Do that 10 times, and allow 2~3 mistake, and that would be like a 50% gain.

I think the market accept the current SP level, that is why she would be going side way until any positive announcement comes out, until then we would see many of these trade oppt.