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Lies&damnlies

3,120 Posts.

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27/09/24

07:13

Post #: 75863044
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Originally posted by Lies&damnlies: ↑

Hi Folks

Just a quick follow up from my "Orchestra playing the DCB opera" post.

So far it has sort of happened. But so far not so impressive.

The SP bounce on the big purple FIB(5.43 to 2.31) did reach the 23.6% bounce level yesterday. So it went from a low 2.31 to peak yesterday at 3.04, overall that's a 31.6% gain. It is impressive in some ways, but not when you see it against a drop from 5.43 to 2.31.

The bounce on the smaller black FIB (4.58 to 2.31) has bounced about half way between the 23.6% and 38.2% FIB which is fairly common.

So the bounce is impressive if you bought at 2.31, however not so impressive if you bought above $5 on the purple FIB or above $4 on the black FIB.

So the orchestra seems to have played an abridged version of the DCB opera so far and the audience applause is fairly muted.

Notice on the chart that PLS seems to be tracking ALB (blue line) fairly closely for the last 6 months. So it seems that anything worthy of the audiences applause is linked to the ALB scenario.

Was the short performance actually the DCB opera? Well there is that unfilled daily gap at 2.45-2.53.

We shall see? DYOR

cheers Lies

PS ALB was down 4% overnight

Expand

Hi

ALB is up 9% overnight. So what we have seen so far may only be the first overture of our DCB opera.

I suspect that things are going to get noisy today with the recent peak of 3.04 just a blip.

We shall see?

PLS Price at posting: $2.99 Sentiment: None Disclosure: Held
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