There is a huge spacing between the high of the xjo bounce and the low of the previous daily swing low. On an hourly chart those rallies printed very neat 3/8 and then 1/4 retracments. The bounce in US markets has alleviated much of the oversold statistics without actually making much difference in terms of price...
Markets are in the midst of a memorable crash imo.
jgunthers ethiopian slave traders friday, page-16
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Last
7,699.8 |
Change
19.200(0.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,680.6 | 7,738.2 | 7,643.3 |
| XJO (ASX) Chart |