My Way Friday, page-3

XJO up marginally today +0.12%.  That also takes it just a little above horizontal resistance.




Today's candle was a spinner - a narrow range candle where the open and close are near to each other.  Usually a sign of indecision.

Today was options expiry, so that may have had something to do with the way the day's trading progressed.  Market makers weren't too keen to move prices away from those established the previous day.

Another factor looming over recent actions has been the reporting period.  Markets move particular stock prices in volatile fashion depending on their reports and how analysts perceive them.

Today we saw reports from Telstra, down -6.6%; Origin Energy -2.2%; TTS -3.5%, SYD -2%.

Then we saw the reaction today to the previous day's reactions.  (Are you with me on this?)  Yesterday, Domino's Pizza was down -14.4%.  Today, the market said that was a crazy reaction and Domino's went up +7.73%.  Wesfarmers had a volatile day yesterday but finished up +2.85%.  Today the market said that was too much, and Wesfarmers fell -1.11%.

So - who wants to get into the prediction game?  



Seems like as good a way as any?

Whatever.  Just buy the dips. :O



Let's see how tonight goes.

RB.