I was showing the wife the IMMP chart that I posted yesterday, and trying to explain unconvincingly, what a pennant is and the liklihood of a breakout. As much as the Viet are very superstitious, I would have had more success using a chicken's entrails.
Showing her the IMM monthly chart over 12 years, where the present price is a pin prick at the bottom, wasn't anymore convincing. It must have appeared like an ant, and me saying that it was going to rise up and crush all the elephants.
But I suppose she has her reasons to be skeptical. Trading has certainly brought this fast talking black fella down to earth.
New IMMP chart looks a cracka. Let's see if we follow. One guess.
Short Term Trading Week Starting: 21 May, page-97
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Last
8,130.4 |
Change
72.100(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,058.3 | 8,144.2 | 8,058.3 |
| XAO (ASX) Chart |