SPT - Technical Analysis, page-313

Again, great analysis of the situation RagingBu11.

As I stated on another thread.....This is not that bad a market, just a lot of new players easily spooked. There is far too much good news around the corner.

(i) US Stimulus package.
(ii) Good quarterly numbers.
(iii) Vaccine that works found and distributed worldwide.
(iv) An end to the lockdowns.
(v) Presidential election uncertainty out of the way no matter who wins.
(vi) Overall bull market forces come back into play.
(vii) New partners and merchants.
(viii) Shiny new $100 million

I don't think there is much selling from the SPP. This selling is a combination of 2 cent traders and those cutting losses as they got too long in the overall market.

You only make real losses when you liquidate a position. Those who sold CSL at $12.00 when it fell years ago, missed out on a long term position because they were thinking too short term without understanding why they invested in the first place.

Watch this space