update, page-10

I just think it's crazy how just because the SP dips 2%, everyone suddenly thinks its a reversal.

Just having a very quick look over the last few weeks I see the following.

From 11-15 November, the SP went down for 4 consecutive days from 33.5c to 29.5c (-2.99%, -3.08%, -1.59% and -4.84% on each respective day)

Then from 26 Nov to 1 Dec, the SP went down again from 39c to 35.5c (-3.85%, 0%, -4.00%, 0%, -1.39% on each respective day).

And that's just in the last few weeks. What did everyone do when this happened?? Did the price plummet? Was this the shorters coming in? Was it a trend reversal? Um, no.

So the SP went down 2.4% today, isn't that part of normal movements. It's well within its trading channel (it's still in the upper part of the channel).

So my point is, big whoop!