I have an indicator that measures the value of the open less the close on SPI for the last 20 days.
I mentioned it once before when it suggested an extreme if the market didn't have a big reversal day to correct it and it happenned on that day.
Just generating and equal open and close for today and Monday says that it will generate a masive extreme down reading for Monday, even more extreme than Aug 17 which itself was huge.
So this suggests that we need a couple of days where the close is much better than the open or at least one day where it is huge.
I guess extremes are made to be exceeded but we will see.
- Forums
- ASX - By Stock
- XJO
- faith friday
faith friday, page-5
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,982.4 |
Change
31.900(0.40%) |
Mkt cap ! n/a |
Open | High | Low |
7,950.5 | 7,991.8 | 7,950.5 |
Featured News
XJO (ASX) Chart |