Hi Pisces,
It's certainly stretched to the upside here. Last Friday, XMJ at 10752.
If it falls here, there's a strong support level down around 10290. That would be a fall of nearly -4%.
I don't know whether it would be a buying opp or not. I'd like to make up my mind to see how this progresses.
Not keen any longer on the Goldies :). (I was before I went on my trip in early December.) But I've made that point over and over.
Maybe some of those building companies in the XMJ might be worth a look.
This has been a remarkable 12 days. Maybe there will be only a bit of a pull-back and then up again. But - I like to play things as they develop.
"So the last shall be first, and the first shall be last." That's been the way of this market for a few months. Maybe its time to look at some of those "dogs" I listed this morning.
I notice that BSL had a good response today - up +6.6%. So a good look at some of the "dogs" might pay off. . . . Like - LYC - Whaaaaaaaat????? No way. :)
Redbacka
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