ann out, page-38

sally was just reading your old post, key point if you trade the spread you can significantly reduce your average price,so front running with large blocking stakes can assist,however this tactic does increase your trade cost ratio ,dramatically reducing your ability to accumulate on the spread thus high volume small spread.

it would probably also serve to flush shorters, current prices
are probably below vwap since the falls plateau

they cannot destroy price confidence if afg are to be true survivors,the sp is still a reflection of market confidence

under these conditions i cannot trade intraday and consider the capital risk to high for weekly speculation,so i hold,the tactics used will vary from tight spreads to wild swings depending how much time and capital required to fill an order.


i still believe it is currently under accumulation,the vwap at present is well below my cost base

the 30/6 looms large i hope its not doomsday