Good points mate cheers.
Certainly not confirmed yet but it's a start. And with the chart the way it was shaping we were likely to grab at anything.
Nice though to see some TA response to a TA event though, wasn't it. Shows to me there might've been some 'darker' force at play.
IMO, the tracking of the daily VWAP is also key. It helps me understand if the volumes on the work down of the SP are as strong as as the vols on the rebound.
In this case, i am not convinced, but hopeful. As howard pointed out, vol was strong but certainly not stand out.
At this end of the investment spectrum we should expect that we are going to get played. How each of us responds to that game determines our short term SP.
NUH - Charts, page-277
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