weekend charting july 24/25, page-81

  1. 4,520 Posts.
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    R2R, no disagreement on the breakout on the XEJ: in fact only comment is having been through a heep of index charts today is how many have exactly same pattern. Confirmed d/t line broken by Th & FR up days. Eg. DJIA, DJ transport, SPI, AsX 200, NASDAQ, FTSE. all similar

    IMO TA of world markets has been turned upside down by that little 2 day rally; people have been saying we are on a knife edge but IMO TA indicators have gone from "neutral with a bearish feel" to a fairly firm positive in the last week.

    Thinking of reentering market big time on Monday on this basis (so that means it is likely to fall LOL)

    What do others think?


    GJ
 
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