This type of move is so unpredictable and Chart can not see this...

This type of move is so unpredictable and Chart can not see this in advance.....even if it did no one would have believed it or have big enough balls to take a trade based on that thinking.

The shorts had been building big position and on Monday one can see a big short position taken and they believed they can push it under 3 or close to 3............yesterday traders got unnerved/spooked by political situation and the weak hands fell victim to selling pressure and the shorts were very much in control and from there on the momentum worked magic for them......now some who sold yesterday have bought back in at higher price.

One can imagine only the feeling of those selling yesterday.

Fundamental shift in Telstra is happening and it is suicidal to fight the trend and looking at the volume makes me feel the Instos are playing the game and of course a big short squeeze.

The volume and price action tells the truth and story.......3.50 is very possible now.