Woolies Eina!!!!!!!

[asylum]

woolies offloading shares by the trolley full.

[nisar]

What do you guys think of INL?

[#3]

and to think im holding installments:( any idea what happens to an installment when it hits 0??

[platsak]

Looks like its going to hit the next support level. Maybe a bounce and entry opportunity? Is there any bad news out there.

[Tango]

looks to me like it's turned. The close above 6250 is pretty important. I closed my position today ahead of the US news - didn't want to be caught holding anything geared. With hindsight I probably should have stayed in. If it comes back to test support on the old resistance line I'll pile back in.

[Tango]

Nice. This could be the capitulation on WHL. I think that WHL is worth holding as a longer-term position. On the weekend the Q was just about round the whole store and back into the bread area. Wealthier people are not suddenly going to stop shopping at Woolies - I think the sell-off is probably overdone. I'm keeping an eye on this one...

[#7]

agreed...we are now in the ambush zone for a long entry....sweet spot between the 50 and 61.8% retracement

[asylum]

Ambush zone ? you saying from here should go back up to the retracement levels of 50%

[#9]

what I am saying is that the chances of moving up from these levels (in the short term at least) are greater than that of it going lower...thats all...

[Tango]

right - I was a bit concerned that yesterday closed on the low of the day, but today's action is giving us the nice overshoot and recovery that I'm looking for (if I was to pick a bottom of course....) If we close green today on WHL it will paint a perfect 'Kangaroo tail' as Elder likes to call them

[#11]

Yep. I agree.