hot tuesday, page-88

Hi All,

I'm very new to technical analysis but can say that the amount i've learnt from this thread is of great benefit to someone trying to learn and increase thier knowledge, so thanks all!

Does anyone have an opinion on the impact of XAO being pretty much right on the January low? Looks like XJO has fallen below the Jan low but XAO has pretty much bounced from the day's low to finish very close to it.

With the move on resources today and the banks moving upwards i wonder if we are getting close to the bottom as my understanding is the banks tend to come out of a bear market prior to other sectors. Any thoughts and wisdom are appreciated!