Ann: Phillips Find Approved, Mobilisation Underway, page-30

As I posted earlier, from the TA perspective, it is a pullback into a range that is normal. Remember the three pullback areas, I saw as possibilities, but particularly, those golden lines which I did not explain before. It is normal for traders who bought at a lower price to sell into the news. These are short term traders who operate on smaller margins but have to rely on turnover. Consequently, the gap did close, and the second announcement was not sufficient to sustain a runaway gap.

However with production now taking place, those will enter again and some unscrupulous people may play on sentiment. That is separate from genuine vigilance at the AGM which keeps things transparent. What is important to position traders like myself is the longer view, not the market noise.


Probability, not certainty.