wins minneapolis?, page-11

re: jp morgan and nab--hot rod I'm no T/A. Never read one book on T/A. Read articles of course, but other than support/ resistance use charts sparsely.

Having said that, prior to getting my first P.C. 8 yrs ago (slow starter), I used to draw my own graphs daily on the 60 or so stock on my 'watchlist'. And the one thing that is forced on you by the comparative slowness of this exercise, is to try and see why things are happening.

So whilst in itself the fact that NAB sold off 107,254 @ $4.10 is no big deal, not taking it into account may become a big deal.

In detail: NAB buy 839,374 from $3.18 - $3. 98 in 5 months to Feb 2
immediately sell 107,254 a $4.10 (forcing a top)
then buy 132,001 at less than $4.

Remember understanding the psychology of investors/traders is an integral part of success.

So whilst, this may all mean nothing, not realising something is happening may be dire in some circumstances.

Incidently, I used this latest drop to belatedly get in on RDF.