G'day,I've been studying things and am finding todays trade very...

G'day,

I've been studying things and am finding todays trade very difficult to work out.

SLT is on such a strong upward momentum, I cannot understand that it could close down today.

My conclusion is that yesterday's big buyer was vry conspicuous by his absence today, and some well timed small sell downs kept the small traders away.

In short, I am sure today was manipulated by a consolidator ( and that is not something I say lightly )

However, I would be flabergasted if price can be kept down tommorrow.

Technically, 65 is 38% retrace of the run from 55 to 67. holding this is still extremely positive.


I wouldn't be worried by any of this.


BTW - Some interesting action on PBI later in the day.

Through 44 very soon.


All the best