FML 5.26% 18.0¢ focus minerals ltd

fantasy island, page-11

  1. 6,131 Posts.
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    Most certainly, vast majority of the dumping was done above 8.5c, then they push the SP lower to create a downtrend which is jioned in by the retail holders when they recognise the trend & time it to position the SP low in the lead up to weak market &/or currency. The then sit back & accumulate as the lemmings drop their hand of aces whilst market sentiment is at it's lowest.

    IMO the big volume days will return very soon, & will coinside with the end of negative market sentiment & AUD rising. This has been a very well orchestrated retrace on both market & currency movement. I feel there is one more leg down in the market correction (the accumulation leg) XJO if wave 5 equality with 1 then +-4520 if equality with 3 then +- 4350 (rough off top of head figures)

    Now thats just my amateur unqualified elliot wave analysis. There is no earthly reason to suggest I will be right.
 
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