Weekly XJO chart.
Triple buy signal from week of 7/03/08 indicated by white dots on price.
Slow Stoch hits yellow line of middle indicator.
RSI hits 31.5 which is between 30 and 32 for always a bounce at least if not more major.
Just on weekly, it can mean as ittle as a 2 week bounce but the odds of more serious downside is extremely unlikely without a lengthy rally.
If the rally is brief then any new lows will be minor IMO.
wacky wednesday, page-51
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Last
7,796.0 |
Change
26.600(0.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,769.4 | 7,796.9 | 7,753.9 |
| XJO (ASX) Chart |