50/50 call atm. today is the first day for nearly 3 months that the XJO daily candle is completely above the 50 dma...obviously this is considered an important indicator by many. i have noticed today a number of speccies that have been bleeding to death for ages have all similataneously had an injection of funds.....
On the other side of the coin the SPX chart likes horrid to me....i just explained my humble take of that on the DJIA thread. If the SPX could break free of resistance tonight on high volume then I will scream "bear market rally !!" but i don't think that will be the case. i reckon this is a false break on false assumptions of the 50 dma.......but I'll stand corrected if i'm wrong.
dow down, page-56
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Last
8,150.0 |
Change
-55.200(0.67%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.2 | 8,205.2 | 8,107.6 |
| XJO (ASX) Chart |