No probs Timbo have considered trading myself, the only thing that holds me back at this point is on the 15th Dec when bounced from the 50% retrace on that day there was very poor volume.
This I find disconcerning as a true support would have shown a heavier volume bounce. The next trading day on the 16th gapped up on open however did not hold its high for the day and was higher volume (selling pressure).
Since then a few days on medium volume but did not go anywhere, I think it is fair to say leading into christmas this could mean very little but keeps my shy from trading.
The indecisive day posted 24th even though a poor day to evaluate from maybe the day to take direction from. E.g. if gaps up and has good volume next trading day could be a good buy. If however heads south I would stay clear.
Again I am viewing only from a short term trading perspective, this would bear no interest to longer term investors bear or bull.
I hope all here had a warm and fuzzy Christmas
PZC Price at posting:
84.0¢ Sentiment: None Disclosure: Not Held
