Yeah. No move on CTM even with their fantastic results. People understanding what that all means or at least taking it on board.
NAB and WBC I was thinking about this morning as setting up for better opportunities shortly. I find it interesting for the timing of the WBC 'discussion' paper concerning their profits well before the reporting period (as if someone knows something bad might happen and lets gut some suckers). Lots of volume and price push with that one. Waiting for the others to follow suit with their own similar reports.
When markets turn, financials usually get bumped the most. CBA is not pushing hard like the other two. ANZ had a bit of a bad blip yesterday (with substantial volumes) but trying to recover today (is this a pre knowledge dump or an attempt to buy and pump then dump?). I am still expecting a massive surge in volumes before a reversal (unless positions have been placed in other ways).
XFJ overall still strong but showing signs of weakness across various time frames.
XJO a substantial increase in volumes from the average. Average has been increasing showing that more are coming to the markets but depends on who is buying against who is selling. A bit more 'good' news and then we might see our massive 'final' push. The lackies are not being stretched at present and tightening up (BolBnd). Big move in either direction might be the outcome.
W2V - yes. Looks good longer term. Pull back from these recent pushes for a refuel first? Lots of buying well before the announcement, then minimal after November as if someone knew and couldn't show their hands too early lol.
@wave4 great analysis as always. Interesting to see others views on this. Showing a slight sign of weakness on the daily and weekly to me. Maybe similar with a pullback then refuel? MA20 break below will be interesting (false dump to gather more?). If I were in it, I would lock in some profits (30% of holdings is what I usually do on the first run), then see what happens from there? Daily RSI diverging, MACD weakening. (Also triple top on latest price).
"have absolutely" no ability to move markets!
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