Todays action was the first decent selloff we’ve had for some time, exactly the kind of situation we’ve been looking for. Chances are there is more to come, although if recent history stands true I may well be wrong. Prices started off weak, tried to pick up but sold off again into the close. Normally the intra day strength holds, but today it wasn’t able to. Our plan of attack is to stand back for a week or two, allowing the market to catch its breath and be in a better position to ride higher once more. There is diveregnce in place on both dailies and weeklies. We’ll be looking at that dip as a time to step into more trades. The weekly and daily trends remain firmly up.
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Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
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