As mentioned, the market does the opposite to normal people.So...

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JNRB

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23/01/22

04:35

Post #: 59066879
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Originally posted by Dirac: ↑

Hope nobody minds a bit of satire but this is how I see the week panning out .....

Monday: Opens a little lower, the 10 minute frenzy, slowly moves south wanting to close some gaps. HC BRN thread inundated by pathetic, illiterate trolls. Shorters start covering due to their lack of courage (musical chairs), institutions start buying, retail investors start buying, price moves up. We end up with a 'hammer'.

Tuesday: Nasdaq rebounds, price gaps up, market a little undecide but shorts still frantically closing position. We end up with a 'bullish spinning top'.

Wednesday: Australia Day, I wake up next to an Asian Princess, eggs and juice for breakfast, stroll into Collins Street, buy the Fendi bag, catch up with mates in the afternoon and sink a few pints on the Yarra.

Thursday: Hangover sorted by a Panadol sandwich and a variety of vitamins, 4C released, market responds positively pushing to $1.90 but buying dies away in the afternoon closing at $1.87 leaving us with an 'inverted hammer".

Friday: Pre open BRN announces IP deal with Dell. Insatiable demand, price gaps up at open to $2.22. Huge volume day. Close at $2.40 leaving us with a 'long bullish candle' to ponder next weekend.

Good thing is that I know one of these days will be accurate

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As mentioned, the market does the opposite to normal people.

So the market will pissed Monday and Tuesday, take a Panadol on Wednesday to try and get over the hangover, but then back on the piss Thursday and Friday.

Classic 'inverted public-holiday' pattern

BRN Price at posting: $1.76 Sentiment: Buy Disclosure: Held
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0 Great analysis

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