Ann: Waterhouse Deal Generates Over $6.2M in Revenue, page-154

This thing is being played by the boys and girls with deep pockets. The chart tells most of the story.

Look at my post from last night. I alluded to the fact that we had not seen the end of the sell off yet - no significant news, a failed bid for TAH (possibly strategically flawed too). Some on here have been spruiking that this will continue to the moon unabated. That was never going to happen.

In addition, you have some jitters in the market as a result of the COVID lockdowns again (in Aust at least because we can't get our act together re vaccines).

Below is today's chart ...



Was today the shakeout that I thought was a possibility? I don't know! Certainly, with 24.5M shares traded the volume is up there. The next point of resistance could well be the 200EMA. This morning's trading sucked many in with potential stop losses at 1.00 (or thereabouts). Sell out the 1.00 support and smart money picks up a bunch of cheap shares. Where will smart money take the current price? We don't know. I do think that a healthy pull back in order to reset for the next leg up is not a bad thing. We will have to watch for the break of the 200EMA and see what happens then.

IMCO