..having a look at the current formidable selling stack up to 80c I believe that a larger accumulator is buying sxy shares between 70 and 77 range...depending on how many are still to be sucked out of holders hands the breakout through 80c may still be a few months away...traditionally market will be drifting down over coming quarter and that sentiment should be aiding the accumulating suspect...anti fracking sentiment helps seems to be putting some downward pressure on sxy sp too...anyway....would not be surprised to see sp around 70 or under again in near future..briefly only but expect break not to happen before July quarter when we should know more about sxy unconventinal assets performance...else business as usual...shares go up and down all the time anywhichway...cheers
..having a look at the current formidable selling stack up to...
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