XJO 0.93% 7,889.6 s&p/asx 200

thursdee trading, page-68

  1. 17,444 Posts.
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    Robbbbbbb

    We had 3 days down which is normal for a minor correction and now a bounce with the Fibs working nicely. After 3 days down a bounce should be expected although last nights action was a head fake and made it feel unexpected which best moves come from.

    You mentioned no swing top earlier and yes we have no lower top and lower low.

    Some have mentioned MACD divergences etc., but daily RSI and DMI are still positive.

    So no serious breakdown yet IMO, and I am just playing it carefully for a bit.

    I did notice today that budget day is on Ferrera's next low and often we get cautious into then.

    Saw the latest scan of grandchild to be and in one looks like ET and the other someone mentioned Skeletor. I have no idea who Skeletor is but it did look like a Jolly Roger flag emblem.
 
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