we will have to give the bulls 1 point today for effort. the XJO was meandering along in the band of 4940 to 5000 for quite a while.....suddenly last week it dropped below that band and things looked grim.
But what a turbo super charged effort by the bulls to blast straight up through that band first up today....if there is to be a decent rally then now is the time.
XJO is now bashing its head against the march low....that is the next test.
One thing that makes me uneasy is that todays action is in response to the DOW rally on friday night. Whilst the near 200 point rally was lovely and all the volume left much to be desired.
Still you bulls enjoy your day....and may you have many more.
where are bears, page-7
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |