Some stocks correlate with the XJo mevement very well - such as FMG and AGO. SDL does not. It only moves with it on huge down days/panic crisis like Japan/greek debt etc). On other days - green or red SDL doess its own thing over the years. So it is hard to pick at times other than by charting gaps/fibs etc. Smetimes hey work - smetimes they do not. Bet to just hold this long term! Or trade only when you are almost sure it has changed direction(CIT) of the trend.
Hard to say that yet. Maybe Friday was the CIT. Maybe we are going to see more fake buying and selling out between 39-42. Time only will tell! Good luck all!
Sufre will be an interetsing month. Some prominent figures saying doom and gloom is about to hit tomorrow onwards especially for commodities - others saying all go for a May comeback for the XJO. Go figure!
- Forums
- ASX - By Stock
- SDL
- some basics - sdl vs. fmg
some basics - sdl vs. fmg, page-78
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)