I move my 2 month trading band on the all ords chart forward every couple of days and each time I do this the right hand end of the band kicks up further, so that the current price levels are now down from the top of the band halfway towards the middle........
what does this mean...... Theoretically it means that there is is now further up for the price to rise to reach the top of the trading band......in fact if the if the all ords remains at these upper levels for about another seven days what I have been describing as just the upper leg of a longer term trading band will in fact be the new trading band at a very much steeper rise than we have experienced for more than 4 months.......
maybe I should drop my shorts and put on the longs.??
