ASX Morning call 13th AUG

Last Fridays plan was to sell spikes up to Thursdays high at 6318 and hit it pre-open and was the top for the day. Price was much like the previous Friday where it looked to have been pumped in out of hour trade and sold all day.

Today I will look for spikes at the open to cbol 6300 area for a sell. I dont think this is going up anymore today at least. Price is currently ticking 6259 so I am also interest in cbos area and overnight lows around 6258. If we get below there should fill the unfilled closing gaps below.

It might also be a buy if we get down there in the first 10-15mins of trade. There is a chance it gets down, blows all the stops and then consolidates which will take hours to pays and will be a very long day. I am not a big fan of going long because it just takes too long. I will let you know if I see anything but buys all the way down to 6211 should be ok for 10-20 pips.