Hi all,
The other day I was concerned about CBA and its seperation from the other 3 banks, that is now starting to slowly come in line.
Yesterday I said that - or as per the last couple of weeks "Market SupplY which meant I felt plenty of supply to the sell side.
here are my numbers as they have been taken out;
4181 from 16/2/12 taken out two days ago
4056 from 28/12/11 taken out today
NEXT
3984 from 26/11/11
and if that does not hold straight through to
3863 from 26/9/11 it could pause at 3872 though.
The times are based on 72 days (trading) and parts thereof.
I am not a shorter of the market but rather a shorter of my own previously held positions, so I am more inclined to look for a confirmed turn to the upside b4 going back in.
I am not able to watch a position all day to scalp a short term bounce but they will be available, trick is not to get caught.
Fun times, and still hold some old faithful war horses.
Cheers
obe
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