Good Idea to start a fresh as i feel like posting too.
As for the markets, sometimes patterns like this are seen as distribution and accumulation rather than a topping phase.
It matters not what the economy may smell like, if you have several larger institutions deciding values are juicy for there longer term 5/10 targets.
On the flip side, its also starting to look like a 3 thrust top which i have mentioned before.
Link back to Smaller timeframes charts
Link back to S n R chart
wednesday trading, page-4
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Last
8,226.3 |
Change
26.800(0.33%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,199.5 | 8,231.0 | 8,150.1 |
| XJO (ASX) Chart |