SOR 7.50% 3.7¢ strategic elements limited

Serious Technical & Fundamental discussion only, page-337

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    So yesterday we finished with a bullish harami which would signal the end of a downtrend at least for the last two days but can also signal a more pervasive reversal of a downtrend approaching.

    The issue with the SP at the moment is that it is very choppy within a range and this can remove some of the reliability of these patterns. For example Friday/ Monday saw a bearish engulfing pattern which rightly pushed the SP lower yesterday but here we are with a bullish harami at the end of trading yesterday which should see a higher close today and/or for some time after. Not foolproof but reasonably reliable. Cheers
 
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