XJO 0.81% 7,971.6 s&p/asx 200

Indices 08/07, page-34

  1. 6,448 Posts.
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    You can tell how much hotcopper is mostly bears when there is no joy when markets go up

    That's ok, it won't last forever
    But those few of us that are bulls are enjoying it

    Technically we shouldn't even be this high this early but we have calvo to thank for that
    That must have been a very large position that was stopped out so thank you.

    Unfortunately this is just futures & intraday xjo is more important
    Depending on where it gets stuck, gives me an idea of where we're at

    Bears have now reset on the hrly so as soon as the short covering panic (combined with fomo) runs out they will begin their process again
    Whether they completely concede we find out by tomo

    I always say don't worry how high markets get, worry about the follow up/backtest to gauge a true sense of markets

    Long term uptrend from April still intact
    Short term uptrend from June 27 still intact

    Until we reach a true market top, I will remain a bull
    It's just a matter of patience
    No matter how many red candles, pullbacks & mini corrections we have along the way
 
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