RED 2.70% 36.0¢ red 5 limited

I'm glad to see how much joy "panglossian" has bought to the...

  1. 2,337 Posts.
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    I'm glad to see how much joy "panglossian" has bought to the chattering classes - BUT, the A$POG chart is forming a worrying pattern ??
    It could merely be a continuation pattern, where the POG will bounce off near support A$3000, and retest the old highs ...
    OR its a "double head" top formation, and after 3000 support gives way, the next important support, A$2800-2850 will rapidly come into view - if that gives way then the next key support is A$2650 .... now that will blow quite a few gold miner business cases out of the water.
    Then we might see quite a few panglossian antonyms appear in commentary such as:
    'depressed' 'angry' 'blue' 'pessimistic' 'doleful' (my favourite) 'dismal' 'gloomy' 'glum' 'miserable' 'infelicitous' (another fave) 'lugubrious' (love that word) 'morose' 'mournful' 'naive' 'perspective-less' (another goody) 'somber' 'sorrowful' .... the list is very long and thats only the English words.
    Let's hope that the dark clouds evaporate, and none of RED's chorus have to go through any or all of these 'anti-panglossian' experiences.

    https://hotcopper.com.au/data/attachments/5815/5815581-9b8f31ad3e9727cff2406fe7ea578510.jpg
 
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