DrStool Posted April 2, 2003 Report Share Posted April 2, 2003 Stoolies all over the world, carry US through the night! Link to comment Share on other sites More sharing options...
Guest Posted April 2, 2003 Report Share Posted April 2, 2003 Thanks for the early opening Doc.... Ok, halfway through the day here and not really going anywhere atm. Got the ole flagpole rally on open which was sold into and now we've done the bounce and doing the sideways thing. We've been in a trading range for days now so reckon has to break one way or other soon. Our leader, John Howard, thinks the Iraq scenario could play out for another 3 months. The interesting thing is that fits perfectly with the All Ords chart, historically speaking. I've been working on the All Ords finding support at around 2500 (closed 2844 yesterday) and from that support I'm thinking there will be some very tradeable rallies and plunges in the intermediate time frame, basically a long ranging sideways move for the last 6 mths of the year. After that I'm expecting the long term downtrend to continue. Well we'll see... Qantas (QAN) looks good for a long put this arvo. Broke support the other day and has done the bounce up to resistance and I suspect a good chance of going down from here.. Link to comment Share on other sites More sharing options...
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