The "Third Industrial Revolution" is in play, in the 1890's we...

The "Third Industrial Revolution" is in play, in the 1890's we had electricity,chemicals and the beginnings of the motorcar.
Now we have telecommunications,mobile phones,and the internet. My six year daughter does her school projects printing maps she found herself on the Internet.
Telstra is the gatekeeper in this country by virtue of the old Postmaster-Generals absolute monopoly over the communications structure in this country.
Technically punched through $4.00 on volume,overcame a hanging man (Candlesticks)After $4.00 which most times implys a top,on volume. Now it confronts a year high resistance. If in the event it takes this out on volume,then the shorts will be unhappy.
NYSE on Friday Declines exceeded Rises, Telstra up 0.38% and closed above overhead resistance of $US16.00.
As the Telstra chart becomes more illogical it in fact becomes more logical. I had DEC $3.88 Calls I sold at a juicy profit and now consider that I would have been better served taking delivery of the stock and margining it.