sirrobbo you admitted freely on a number of occasions that you had not much of an idea on TA, why however you insist on commenting on it anyway is beyond me. Remember this is the charting thread and simple guesses based on nothing more then gut feelings simply don’t quite cut it here.
In anycase, if you once again would be so kind to re-read my post, you may find that I pretty much expect the SP to bounce from up from here, before droping further down beyond the 31c gap level. Going by my chart, I mentioned the previous low of 25.5c could be challenged and at this stage I didn’t even exclude a new lower low later.
However I noticed even though you challenged them before, you didn’t give me any credite for my predictions so far, so probably I shouldn’t expect any even if I nailed it once again! In turn I probably should expect serious criticism if I should be somewhat off the mark. Isn’t that how it works?
BTW how are my suggested SP movements stacking up when compared to your FA predictions based on some of of your best fundamental analysis? Let’s compare some helpful notes, because in the end we are all looking for the magic final low and a new uptrend, aren’t we?
MNS Chart, page-1316
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