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ASX Morning call 8th Nov, page-2

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chandy

5 Posts.

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08/11/18

08:37

Post #: 36427359
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Originally posted by Owenb79: ↑

Yesterdays plan was to sell R3 and only got to cbol area and failed. These markets are dangerous grinding so need some caution for shorts.

Today is the same plan sell R3 10-20 points. Can see the unfilled extreme gap from the rout just above at 6013 which will be a great sell. There was a 10 point divi yesterday so I adjusted the close to get the pivots there is also an un adjusted R3 level at 5969. There is 30 odd points coming off the DOW for a divi so its possible the hamster wheel that does the futures calculation will have a little blip at the open maybe fill the extreme gap down to yesterdays high area 5893.

Selling now will be aggressive trading but might work stop would be some price action above 5920 that you dont like target 5893.

I expect more buying in ANZ for the divi. There could also be a pump on Monday to get it high enough to close the divi gap and they will sell. Hopefully pumped to 6013.

I have marked on the daily where the 6013 area is and also the current price and target for the extreme gap. Out of that channel now.

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Thanks. I follow your postings

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