AG & RU,You could atleast try & be accurate. Where did I predict...

AG & RU,

You could atleast try & be accurate. Where did I predict a Death Cross?? I referred to the DX which occurred on the 1st July.

After a DX the SP usually tests the 50d & or the 200d. LNC breached the 200d on the back of Cedar Pt 1&2, and remains above the 200d, showing strength.

Todays candle was a breakout of Robbies Pennant. I bought a parcel on the back of that. If the breakout confirms (follows thru) then as my previous chart showed, the target is approx $2.40. If this target is met, then the neckline of the large Head & Shoulders bottom will be crossed, giving a target of approx $3.20.

Caveat is that todays candle closed on the upper trend line. A fail tomorrow, and I'm back out.

LNC has taught me much over the last 2 yrs. I continue to learn & enjoy. What I've learnt recently about 50d & 200d averages will hold me in good stead LT. I've made some good buys recently. Have joined my buddies RU, Anthony & others at NWH, joined Szaba at ELD, running amok at BND.

All good fun.