It may be prudent not to trade on Monday and wait until Wednesday. Potentially retracement levels will be hit, only to rebound on Wednesday and Thursday. Yes, I feel support lines will trigger buying mid week post Aust Day.
It is possible to reduce holdings on Monday as a safety net strategy but many of us started this on Wednesday when the first signs became obvious. There are also some defensive play stocks that will retrace and offer opportunities to profit (OBJ - 4.4, AQR - 30, NKP - 44 , ROL - 1.75 to name a few).
More reading to do. Back soon.
iPod
FASHION AFICIONADO
daytrade diaries... january 23/24 weekend, page-41
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