It seems, gentlemen (and ladies), that the market is at an impasse. Just overhead we have plenty of supply dripping with stock waiting to offload, just below we have some buyers and very little supply wanting to offload. Will it have a sharp and sudden drop to scare those holders above into selling, they have held on this long though? Or will it bust a move up and absorb that supply hopefully generating demand on the way?
I want to go long, some stocks are seemingly screaming for it, just a little move is all. Waiting for confirmation is nuts!
spankyham's bull(dust) friday, page-59
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8,355.9 |
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| XJO (ASX) Chart |