Pacific Dunlop 13/7/99 Times up


Pacific Dunlop 13/7/99 Times up

Over recent years, June has been an interesting month for PDP; always a change in trend, some of the trend changes more important than others.

I'll wager we've just seen the same effect this June; probably involving tax loss selling prior to financial year end. (I was waiting for this on June 29, to buy) One get small trading moves out of this sometimes where a pattern develops, though in this instance I'd rather have bought if the stock had been trending up, not after the breaking of important support at $2.55. The weight of money [those judges] are against me here.

It is much better to try to stack the odds in your favour. The break of support at $2.55 was a likely move, and the chart was showing as much beforehand.


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