Certainly looks like volume is picking up now we are into Nov so maybe to he market is also expecting news soon - 40 trades so far today, only 11 last Friday and Thurs wasn't much better etc. Should be an interesting week, I think.
Wrt FCA gst would've put the proposal on their desk weeks ago - the Oct RNS said waiting on approval, the use of the present tense and not an alternative phrase shows that. While the FCA may take up to 60 days to make such decisions this is a relatively straightforward acquisition that presents no issues of monopoly etc, hence the reason gst are so confident. That's why I fully expect approval probably next week, with possiblity of this week or second week of Nov. All good.
I don't see why people should run scared because news lands Tuesday or Wednesday, rather than Monday. It's not Monday or bust. News is expected to good. You could argue there is realistically a 20% chance of news each day mon-fri. If no news Mon, then chances for following days increase consequentially so to sell Mon is a bit short-sighted.
Fwiw, I expect news some day next day, whether Mon, Tues, wed, Thurs or Fri makes not an ounce of difference. If in fact, the fabled news arrives the following week then it arrives the following week.
Why should panic set in when we have been warned numerous times by numerous posters that it's probably more likely to be one of the other days next week.
Not that I'm interested in your answer as you are clearly on a short.
Dribbles, he justified it with a reasonable explanation, while you just...deramped. Add a little reasoning for your speculation and I'm sure you won't be attacked. Bit don't worry, you make me laugh too.
I must admit this price action the last few days has surprised me; I was expecting prices to hold or retrace slightly given next steps are a while away. Pleasant surprised so far.
I would concur with Wolf's sentiments. Same goes for Saint-Tropez. Very reassuring (I am a relative novice). In fact, forget RSI, maybe I'll time my exit on when they stop posting here, haha. Joke.
Thanks for that wyn. So it's my thinking that's been too linear. You explained it very well and in far more detail than I was expecting (hoping), which is greatly appreciated.
One point that crosses my mind; you only make decisions on close of pay RSI - does that not mean if there is a strong move intra-day and a small-ish subsequent pullback you wouldn't be able to take advantage of that pullback to increase position? I.e. the daily indicator would only be useful on a fresh day, were the RSI over 80, thus the shorter intervals RSI would only help were the SP to fall slightly intra-day.
Not a critique, just interested. And for what it's worth, I would say I prefer the simplicity of daily over shorter intervals..wouldn't want to be making so many investing decisions on 5 min data etc.