restructure, page-9

I still hold. From a TA point of view I am just going to engage in a little exercise of volume spread analysis which mitta subscribes to. A bit experimental so please ignore me if not kosher.

Not very easy to see on this chart but while we were in the twenties, the volume was slightly higher than the volume in the teens.



Looks like from November 2009 to March 2010 we were in an accumulation phase with the "smart money" accumulating on low volumes.

In May we were in a distribution phase when we recorded relatively higher volumes but the share price did not go up much. This was probably a distribution phase when the smart money was offloading shares.

Maybe we are now heading back to another accumulation phase?

Please note this post is entirely predicated on the validity of volume spread analysis.

http://en.wikipedia.org/wiki/Volume_Spread_Analysis

Also, if you look at the charts of XJO200 companies, they look remarkably similar.