IMO it looks like a pile of doggie doo. I have mentioned my thoughts on the XJO thread but in short our indices are descending triangles and the US indices are rising wedges. both bearish continuation patterns....it's just the 50%retrace of the bull market causing a temporary break in the fall.
The US may look a bit better to the naked eye compared to us as we have recently been weighed down by resources plus the US has had a temp halt on naked shorting on some stocks.
in summary the market is Not...happy...Jan
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26,683 |
Change
82.730(0.31%) |
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