XJO
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0.76% 7,763.2 s&p/asx 200

wednesday possible huge short squeeze, page-73

  1. zanzibar
    315 Posts.
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    19/11/08
    12:30
    Post #: 4513825
    BridgeBaron,

    Sorry - what I mean by explanation - is that's my explanation from a TA point of view as to why we are seeing big falls now.

    ie.

    Cause: We have broken down out of the large channel we have been trading in for the last 9 months.

    Effect: Capitulation to the bottom of next channel down.

    XJO Value at posting: 3,469.3
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    lightbulb Created with Sketch.  Great analysis
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