... what do you think or should I be going to the back off the class again?.."
Hi dg, na that sounds fine mate :)
one thing though is the 'shorting' of CBA
what we look out for, amongst other things, is some SOT, 'shorting of the thrust', and that started to appear 'in the long variety' the other Friday 13th,
if I was starting to see this happen, I'd immediately halt any 'shorting', cause of the possibility in a change of sentiment, remembering that 'SOT' is where one side is overcome by it's opposite and in this instance there was a chance that the buyers may becoming dominate over the current selling
now of course we had to wait for confirmation and that was further enforced by a 'no supply' bar on the Monday (16th), a narrow, lower volume bar that finished high after dipping down into fresh new lows
the following day then stood up proud, closing high with an increase in spread
from that point on, or even during the Tuesday morning action, I'd be trading CBA intraday LONG ONLY, because of the momentum and confirmed dominance of the larger timeframe, that being the daily
