2014 - is the champange on ice?, page-23

We had 30 million volume on Friday, another 17 million today. I think it's a good sign that sellers havn't been shortsighted enough to drop it back to 1.2, but seriously, where are all these sellers coming from that keep popping in at 1.3?

The 1.4 wall it building.

When we were dancing between 1/1.2 we had about 44million shares in the buy queue, usually vs 40 million in the sell queue. It went to 61/30 on Friday, and currently sits at 62/36. My feeling is people are just buying to sell at a pip or two higher, which might make the ride higher tough unless we are looking at another 30-40 million volume day, with lots of early grunt.

--

Looking at the chart, showing as overbought, the S/P is above the WAM on the 3 month chart, but the bolingers are widening. As much as I don't want to, it wouldn't surprise me to see this hit 1.1 again. That said, I'm not selling my parcel anyways... you know, cause I'm hoping I'm wrong :)