Open: $1.655
Close: $1.560
High: $1.655
Low: $1.560
Interpreted Posture of the above Market Depth Scan (if you have experience like me in market posture/positioning judgements):
Big Hands Short Sellers are out in full-fledged, planned and deliberate price push-down operations in Olam now.
As illustrated by the Market Depth above, they give no regard to their defences and are very confident of their attack operations.
In my researches which spanned over numerous years analysing different market depth postures, do not expect this price depressing operation to end soon, given such market depth posture as well as the confidence shown in the posture.
Muddy Waters is definitely not walking alone.
REFERENCE:
OLAM FULL AND DETAILED ANALYSIS MADE IN AUGUST 2012 WARNING ABOUT GETTING OUT BEFORE THE OLAM STORM TO COME AND IS INDEED HAPPENING RIGHT NOW:
http://donovan-ang.blogspot.sg/search/label/Olam
http://donovan-ang.blogspot.sg/search/label/Olam
Note:
Such postures generally apply to other (international) markets too during an aggressive move.
Home: http://donovan-ang.blogspot.sg
Interesting inference
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