ta open for discussion, page-4

Hi KOHNICKY

Thanks for your support of my TA efforts.

I note my last forcast continues to hold with the higher low of 23c continuing to find support even with major downward pressure on the XJO.

The lower volumes imply shorters struggling to find traction at these levels with most holders sitting tight.

The inverted trend lines are pointing to the next leg up expecting to break above 36.5c by mid to late next week.

The softness in the DJIA has meant I am still looking for the Head and Shoulders forming but now with the head in the contrite position.


Regards Shamish