XJO 0.13% 8,255.6 s&p/asx 200

slippery monday, page-53

  1. 17,444 Posts.
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    Interesting

    I had $A at 92ish but probably 92.5 so there.

    I had gold at 794 so close.

    I had HK at 31800 so almost there.

    I had BHP at 48 or even 49 so close.

    Like to see MBL at 89 or 90.

    I can see XAO at 6900ish so a bit more to go.

    All these numbers can be exceeded of course.

    Todays's action smells of upside capitulation to me.

    Gaps are everywhere and a sense of buying panic prevails.

    With weekly sell signals abounding, I just hope we can hold up into Wednesday to give massive monthly sell signals as well.

    Dailies will be overbought seriously as well.

    Wednesday night is looking like one huge reversal to me at this stage.

    I hate staying up all night but I reckon I might be setting the alarm clock for one of the best shorting chances in a long time.


 
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