Here's a chart showing the relative position of each of the 20 Leaders to its 40-Day MA.
Only one stock, QBE, is above its 40-Day TMA. Two are close: Brambles and Santos.
Aside: I use tinypic.com to upload my charts. In order to upload, users have to go through a procedure to avoid spamming. This involves typing in a code word or words indecipherable to automated spam producers.
The human brain has an amazing ability to decipher such codes which dumb-ass computers can't. The HB (Human Brain) also has an amazing ability to make alternative interpretations of data submitted to it. Thus, Astrologers, Necromancers, Wizards, Oracles, Oujia Boards, Chinese Fortune Cookies, etc., are able to make vague pronouncements which recipients interpret gleefully to have specific meaning for their future lives.
Where's all this leading? What silly connections am I making?
Well, the code for entering the above chart into tinypic.com was "cherry on top".
Obviously, this is a clear message. Buy QBE. It's clearly the "cherry on top" on the above chart.
PS: If you take this as investment advice - you're an idiot. :)
Redbacka
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Last
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Change
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Mkt cap ! n/a |
Open | High | Low |
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