AUZ - Australian Mines
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CanOz
Home runs feel good, but base hits pay bills!
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tech/a
No Ordinary Duck
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constable said:
Post #140 nothing has changed.
Wont change much tommorow either.
CanOz
Home runs feel good, but base hits pay bills!
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tech/a said:
Unfortunatly Tech, i can't read #140, nor any other of you posts that contain charts. They come up with a little X in a box as a picture that would not download and then they send MS explorer to the "Cannot find Server" webpage and then i can't get back into ASF for several minutes after that.
I've told Joe but he's not worked it out yet.
Can you elaborate on why the chart does not look bullish to you?
Cheers,
tech/a
No Ordinary Duck
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C
Contract the chart so that your only looking at October,November and december. You'll note that the triangle now looks like a strung out range which has clear top and bottom support and resistance.
There has been no support or sell off indicated in volume so at the moment its drifting in no mans land.
Either those holding will get imparient and dump or those waiting for value will ge impatient and buy it up.
There appears to be more buy volume than sell so there could be accumulation.
I personally will leave it alone until it becomes clear.
Others will hold,others will buy now.
Contract the chart so that your only looking at October,November and december. You'll note that the triangle now looks like a strung out range which has clear top and bottom support and resistance.
There has been no support or sell off indicated in volume so at the moment its drifting in no mans land.
Either those holding will get imparient and dump or those waiting for value will ge impatient and buy it up.
There appears to be more buy volume than sell so there could be accumulation.
I personally will leave it alone until it becomes clear.
Others will hold,others will buy now.
agreed tech, but if it can break 88 which is the 50% retracement from it peak at 10.5 cents would you be convinced ? It does seem to be trending upwards, but like you say there is no real clear indication. hmm might be a case of - if in doubt stay out! (stole that).tech/a said:
CanOz
Home runs feel good, but base hits pay bills!
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Cool, thanks mate. I was thinking that given the apparent lack of sellers now, that if there was another positive announcement, the trust on good volume could be quite powerful. This could make for an opportunity.
Cheers,
Cheers,
tech/a
No Ordinary Duck
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constable said:
Well I presume your using a fib level.
The retracement (Firstly) is dependant where you place the fib level from,
The full up move is from around 16/8.
Place this on the chart and youll see the long tail on 8/11 touches the 50% retracement level of the entire move.
This suggests that the up move is pretty average,a strong trending move will retrace less 38.2 or 23.6.
But remember these are only levels to watch,they arent set in stone.
Once it reverses from a level then the remaining levels have little to no value,in my veiw.Some will throw all sorts of indicators on the chart looking for things that will support their veiw.
From here I would be looking for volume and price action.
10c is going to be tough for this to break and its not uncommon to see the recient high re tested--this doesnt seem to be indicated yet.
Personally I take selloffs as quick as possible so that I can be free to trade something else that IS moving.Sure I get it wrong but more often price drifts lower than my sell and I'm in something that is off again.
I'll only stay in something drifting which is either in profit or above my trailing stop in a short term trade and I dont need the funds for one which is obviously going up and away.
IFocus
You are arguing with a Galah
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Hi Guys
New to the forum. As you are sure to know some stocks react to fib levels and others totally ignore.
I guess what I am asking do you have a technique or evidence that the fib levels mean any thing on this stock?
Warm regards
Focus
New to the forum. As you are sure to know some stocks react to fib levels and others totally ignore.
I guess what I am asking do you have a technique or evidence that the fib levels mean any thing on this stock?
Warm regards
Focus
tech/a
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IFocus
You are arguing with a Galah
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Hi Tech
There appears seem to be some correlation; Just thinking!
There appears seem to be some correlation; Just thinking!
IFocus
You are arguing with a Galah
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Looking promising today.
As usual, as soon as a new milestone is reached, in this case 9cents, the sellers come back, probably those that bought on these levels on the way up and didnt sell or those that bought on the way down and want to get their money back.
As usual, as soon as a new milestone is reached, in this case 9cents, the sellers come back, probably those that bought on these levels on the way up and didnt sell or those that bought on the way down and want to get their money back.
Nickel looks good for the foreseable future if you go by this article
http://www.mineweb.net/base_metals/498874.htm
http://www.mineweb.net/base_metals/498874.htm
