GREY:ALXDF - Post by User
Post by
goldopportunityon Oct 23, 2017 5:34pm
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Post# 26847161
Fwiw........
Fwiw........Alxdf closed at usd .0481 = cdn .0608 (boc 1.2644 close)
Outside low and close, inside high. Sp had lower high, lower low on lower than average volume. Only 6K traded from shortly after 11 am to the close. Some st technicals have come down quite a bit. Full and slow stos continue to zig-zag at upper levels.
Bottom-line:
Sp gave back today. Gotta expect days like this. This lower close was on relatvely light volume, mostly early in the session. Then things settled down with hardly any sellers till the close. Everybody's just sitting tight. With some of the technicals quite a bit lower, we now have more breathing room for our next upside move. Today's closing candle tells me odds are sp won't go lower tomorrow. But we'll see. We may slosh around a bit while we get rid of any remaining weak hands. And then demand will very quickly emerge to take us higher. Enjoy the ride and continue to stand your ground, folks. Jmvho.
goldopp