OEX 20.0% 0.6¢ oilex ltd

wontono - these tankings/retracements are very normal market...

  1. 1,409 Posts.
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    wontono - these tankings/retracements are very normal market dynamics, especially for small speccies which get exhausted quickly and need regular time out to freshen up.
    These retracements are a good sign allowing the SP to consolidate, the technicals to reset for another strong move upwards and provide a buying opportunity. The higher SP's over recent weeks establishes the uptrend and the retracement draws the bow back, ready to launch again. Without them the SP becomes too overbought over-extended and exhausts the upward momentum.

    Anyway, good luck wontono - hang in there, you'll do ok. Self medication works a treat!

    It's the knowing when to sell that's most important - and we're not there yet.

    I'm chill'n
 
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