McLaren is a little more cheerful in his report this evening.
He confirmed my thoughts that:
- Friday not breaking to a new low is unusual if the trend is down hard.
- A small base could be forming here if tonight is stable even a little down.
Futures seem to be behaving somewhat.
No cause to change position for me yet although I was surprised at the extent of the fall in Aust today. Very volitile market. If tonight puts in a rally there'll surely be a gap up open I would think, one of those shockers if you're holding short.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |