XJO 0.55% 7,629.0 s&p/asx 200

Congrats to those poms over the other side of the...

  1. 6,368 Posts.
    lightbulb Created with Sketch. 1035
    Congrats to those poms over the other side of the world
    They've broken a 10 month selling suppression downtrend

    I'm not saying they're going to go ATH next week but it does mean that bears will now need to cover positions over the next few months rather than add to them

    How quickly or slowly that happens I don't have the answers yet
    But I assume all pullbacks should be bought over the next few months

    Do not cry when the uptrend breaks & you've decided to buy the dip during the pullback
    The first pulback will be the most cautious & can still drop pretty low to make sure nobody can tell the change has happened
    Act like an adult & take it on the chin
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.