You'd have to have a little go at it Mike? Tonight is probably the most crucial night we've seen in LOOK/LOK short history. Indicators for the sector are flying, retail, including internet sales are strong, even pumping, Futures are up 12 points and LOK is emphatically leading LOOK ( the first time for a while) into night's trade after a long weekend. (Not that the US care a toss for the meanderings of LOK)
The stage is set, will LOOK push up to match LOK's lead? With support at 2.44, (22c), if LOOK holds above 2.57 (23.5) then expect LOOK to move to previous highs (resistance at 4.19)
Or will it hold at the 2.60 level or retrace slightly, leaving the Aussies stranded like shags on a rock?
My guess? Strap me in!!!!!
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