funkymonks - testing august low - monday, page-151

Let's have a look at a little bit more evidence.

Thursday was a down day. Down -0.77%.

it was the lowest volume in six days.

Friday was options expiry day. If we excise the effects on volume of options expiry - it was a low volume day. (See previous posts regarding this, particularly as it refers to Small Ordinaries.)

Today was a low volume day. A big down day.

So - the market has been in retreat - and volume has been low.

This looks to me like a sucker retrace.

Now I could easily be wrong - we all are more often than we like to admit. :)

Let's see how tomorrow goes.

Good luck
Redbacka