In my earlier prognosis on the stock move...

In my earlier prognosis on the stock move at

http://hotcopper.com.au/post_single.asp?fid=1&tid=1584034&msgid=9127751

under a different thread I made an educated prediction that the SP will cross the resistance level of 72c by the end of the last week. In my prediction I made a small mistake by missing the target by 2 days. I think a relatively large capper and a 3.5% DJ drop last week have contributed to this minor mistake.

As mentioned before our market is full of unexperienced traders but this single example shows that even large share holders can make simple mistakes clearly capping the stock in the wrong part of the chart. The capping should be done after breaking 72c instead of 68.5-69.5c area and taking a higher profit if a decision was made to sell.

Obviously, as it has been mentioned before the next target is all time high of 77c.

My previous intention to accumulate after breaking 72c I adjusted seeing a strong support and added more shares at 69c.

irynka