Vendor,
I dont know how many times I need to say this, but technical trading is a waste of time and for mugs only. Ex-post analysis is always right becasue there are so many charting techniques you can use.
What about the gap at 16c?
They dont alway close and you are silly if you think that they would.
There is only one reason why the SP is where it is and its NOT the market.
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5c and nobody wants them, page-50
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