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Thanks Porper, I hear others say the same thing re "getting the picture" without too much emphasis on indicators......I guess I am trying to get some "reassurance" from the chart to back up the gut feelings (unfortunately my "gut" can be a little off colour at times......)Re CSR....I was reading last night that sugar is down 25% this year ...CSR still made good profit overall but down on expectations..........so I guess that could have more bearing on the sp than anything.......Working on that scenario I think your longer term "bearish" outlook seems more likely........might have to retract my opinion of CSR being up by the end of the week!!! Mon or Tues should give a clearer short term pic. Cheers.
Thanks Porper, I hear others say the same thing re "getting the picture" without too much emphasis on indicators......I guess I am trying to get some "reassurance" from the chart to back up the gut feelings (unfortunately my "gut" can be a little off colour at times......)
Re CSR....I was reading last night that sugar is down 25% this year ...CSR still made good profit overall but down on expectations..........so I guess that could have more bearing on the sp than anything.......Working on that scenario I think your longer term "bearish" outlook seems more likely........might have to retract my opinion of CSR being up by the end of the week!!! Mon or Tues should give a clearer short term pic. Cheers.
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