xjo weekend zoomba lounge, page-146

  1. 685 Posts.
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    Hi Martis,

    I'm very confused by this post

    "I have inverted the xjo chart to look at things from
    a different angle.. would u buy it? i would, on a pull back
    (REMEMBER THIS IS AN UPSIDE DOWN CHART)..sell is buy..buy is sell.. "

    My interpretation is

    InverseXJO
    - we've had a blow off top but we've broken resistance so expect a pull back to resistance (now support) and then further upside

    XJO
    - rally for the XJO in the short term before hitting resistance and then further falls

    So (non-inverse) bullish short term until resistance and then bearish beyond?
 
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