impressive comeback today, but I don't like the look of it... however thats just my perception.
It had 4 days to recover the fall from the 8th and 9th of November and it did little.
I think today is just a lack of selling pressure after a week of strength in overseas markets.
US markets should be weak from Monday to the 23rd and US is stacked againts heavy resistance so I like the chance of that.
With US markets looking rediculously over brought here and base metals up the creek & without a paddle, I would like to see the XJO have a more substantial correction here
xjo
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Last
8,084.5 |
Change
60.600(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,023.9 | 8,086.7 | 8,023.9 |
| XJO (ASX) Chart |