MGX 2.30% 44.5¢ mount gibson iron limited

why do breakouts like today happen?, page-2

  1. 3,777 Posts.
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    This is my take on the unpredictability of SP movements

    I think the explanation is similar to pouring sand on mound and asking when will it collapse ? (except perhaps in reverse)
    the grains are all sitting on each other and effect each other - sometimes the mound can rise quite high sometimes not
    Traders are each watching what the others do at some point suddenly a snowball effect develops into a surge - had a few sell orders been done earlier maybe the surge would not have happenned

    Others will probably have more deterministic reasons but I suggest that if you could pick these things even with 60% accuracy you'd be a billionaire
 
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