Fwiw bhp looks to be coming off super hard in the uk!
It means nothing on it's own but today was critical in my view...
The first 7-12 td rally in the XJO following the 2007 high made a high on the twelfth day and retraced 69%.
As of today the XJO is now 13 days from the low but in that time has only made it up a total of nine days with a retracement of only 37%.
BHP only made it up 5 days...
All the heavyweights retraced less than 50%...
Sooo...
Today is another confirmation that the trend is now down hard in my view and it's now just a question of whether or not the market will continue to behave 'normally'.
sse rise, page-36
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |