mitta's spring, page-61

Hi Toll, how have you been, long time no hear

"...turn that graph upside down and look at it. If I saw that price action on an up day after a bit of a trend, I'd be out quick smart. Very high chance it doesn't go higher and almost as high a chance it will drop pretty easily.

However I'm sure the dynamics are differnt for a big sell day, but seems like a good spot to dip the toes in."



Yes Toll, as always you are correct but it would also depend on what timeframe you are considering to hold and your risk tolerance, agree ?

If your DT it of course no worries, but one may lean to the cautious side and wait to see this huge volume successfully tested, no matter at what level.

The boys have been very busy and it was high on the cards that something may be brewing, that huge up volume of last week was very very very concerning especially so close to previous strong support.

cheers

A few charts today, the first clearly shows that ugly weekly bar of last week



an intraday chart which now has an impressive 15/19 win ratio for 'which way from the opening bar'



a comparison from last nights action of the 3amigos

btw MCP was up a few percent and REMX was flat



lastly a comparison of the XFJ and XJO with the banks looking a little light on with petrol, but that could change

also imo at a quick glance the DOW also looks a little light on for petrol