Not fantasy...sentiment!!!!!! The optimists outweigh the pessimists atm.
quote:-..."Because although the sell signals your looking for are not there, I'm saying you are looking for the wrong signals...." No I'm not :)At the moment I'm using mostly momentum indicators which react the quickest to any trading behaviour change...
Independent Observer I have some good news for your "shareprice forever down" bias..
1...The Charts and all other disciplines say AIR is Bear..therefore Bear Market theory says this rally is a correction and soon this correction will have run its course and the price will recommence its downward trend.
2..A Bear Market Cycle have a series of capitulation events..It is rare to see only one..
3...AIR price closed at 118c up 14c +13.5%...not exactly a shorters paradise...eh...but hang on, maybe it is a shorters paradise in the making, as from lunch time today the very short term TA started throwing up momentum sell signals (-ve divergence)..That warning is being confirmed by the BB (Bollinger Bands) on the 5 Day/15min chart are squeezed indicating a trend change....There's a good chance tomorrow will be a down day, and as AIR has a high Beta value at the moment I wouldn't be surprised if any secondary trend reversal is volatile.
Caution:..Working with very short term TA there is a big risk of being whipsawed to bits ..so..lets see what happens tomorrow...eh
Quote:- "..I also cannot see the attachment...." Thanks...Fixed the link back to my earlier post with the chart is here