CMR 0.00% 15.0¢ compass resources limited

copper production commences at browns..., page-33

  1. 4,960 Posts.
    Hi Oly,

    According to todays pattern on the 1 minute chart, we should be good for another day or two of upside.

    Based on a Pristine trading method where price rises fairly consistantly 'til lunchtime... flattens out over lunch and re tests/breaks days high later in the afternoon.

    FWIW the logic behind this pattern is thus...

    Large brokers buy up to lunch. they then hand the controls to the juniors over lunch to try and keep the price from rocketing. then when the big fellas return, they buy again.

    this is generally followed by a minimum day or two of further upside.

    'tis a nice theory, and I have been successful trading with it on larger cap stocks.

    Will see how it pans out...

    ;)
 
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