Yesterday's SPI close was a 24 pt discount which almost guaranteed today would be higher.
It suggests a nervousness about holding overnight if not just simply a degree of pessimism.
So the day they capitulate at the close and put in a BIG premium is a time to think about selling IMO.
Yeh, and rules work most of the time!
wednesday trading!, page-28
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Last
8,214.5 |
Change
-8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,223.0 | 8,228.3 | 8,200.0 |
| XJO (ASX) Chart |