Cupla charts for the most part totally unrelated. DJI daily. I'd say the probability is that it will put in a marginal new high above the May high at least before the month is out. This is a high momentum move and it is highly likely to end with an exhaustion up as the buyer run out of will. The move up from the open last night could have been it I suppose, but I doubt it. It would be better to close on the high.
Thought this chart was very interesting and worth posting. No wonder my old man complained a lot in the 1980s:
the xjo lurkers to posters ratio - tuesday, page-104
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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 |