the flows of money into stock markets is a bit like a dam which opens it gates on a rotating timer to varying degrees with the interval reset every few cycles as the weather changes in a climate change disaster... attaching lovely names to these cycles has been something to write about for a long time... we have some lovely old charts from the 1980 and 1990's (US based ) around and boy they are far better than anything ive seen on the internet created with a bit of javascript on an Html canvas.
price at the moment is anyones until the FA comes out. It may decline a little and move sideways for a while until the next FA comes out.
I liked your candle thing Peat....its interesting.
cheers mate
Candles have been around since the 1700;s and were used at that time in the Japanese rice markets. So its not like its just me....
As today is (so far ) an 'inner day (inside the previous candle body ) there is nothing so far that contradicts the confirmation of the shooting star.... but it will need to close a bit lower to become an ideal confirmation , we have the volume we have the down day but we dont have any strong south movement - yet. I will comment again after close. OCACandle1019.JPG (prior to daily close)
Good to see OCA holding up as SUM and RYM slipped back a bit today. Interesting day tomorrow when possibly see some MET money coming back in to the sector!
Shooting star is a worry In the tea leaves but long term on this looks good.
Is this still a good moment to buy more OCA or could we see a decline in the SP?
Beagle is the 1.36 the new $1 for you?
I made a number of significant top-up's to my shareholding in the $1.30 - $1.41 range last week after a significant term deposit matured on Friday the previous week.. Actions speak louder than words. I think its pretty clear where this is headed in the medium to long term.
Where is some of that $1.27 Billion of cash going to be reinvested ?
Last edited by Beagle; 19-10-2020 at 05:12 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Met is taken down...so all money will go to OCA ARV and SUM.
Which one are the analysts the most keen on
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by winner69
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