Note how the major ASX banks continue to print new 52-week lows.
The long-term XJO and S&P500 trends are still up. BBOZ is below declining 130 and 200-day moving averages. The bull market is still alive for now.
My BBOZ trade is a short-term counter-trend trade. Any profit doesn't last for too long because I'm betting against the medium to long-term XJO trend.
http://clients.weblink.com.au/clients/equitiesinfo/
Axe Throwing Wednesday, page-71
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Add XJO (ASX) to my watchlist
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |