Anyone else see a descending on the daily MXR chart. Not looking good today guys! The DOW is down, oil up and I think today it will be a day to remember of either a significant SP drop back to 16.5c or a fantastic announcement from Big K.
My bet is that he has lost the confidence of the market with ordinary announcements and the SP will take a dive. I really really hope not, but I bet there are some nervous nellies out there at the moment that are sitting on a big loss from entering in the last month who will bail out today (prior to drill results, Sellhiem and the IO price neg due anytime now).
My position is unchanged, a small risk for greater rewards.
I hope I have read my chart wrong!!!
I believe it is a good day for fishing or golf, not watching the screen.
Cheers
Anyone else see a descending on the daily MXR chart. Not looking...
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