re: Ann: Change in substantial holding - J.P.... Kind words Proga. Firstly a tweezer bottom yesterday was when it retestedthe prvious days low of 2.55 several times and was unable to trade below it and then eventually closed at 2.60. On an open close high low chart this gives the impression of a pair of tweezers. Usually a very bullish pattern.
Could go nowhere today but like many here, I don't see downside of any significance. Yep, it could go side ways for a couple of weeks. Fine. But it could take off at any time. Fine as well.
As it has failed to make a 23.6% retrace, there is no resistance of significance preventing new highsat any time.
naturally I hold.
Cheers
Ann: Change in substantial holding - J.P.Morgan , page-67
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