Very interesting action on XJO/XAO this morning. We have bounced off the March 2005 highs at 4250 for XAO. That makes it look nice on a chart and should be a good support line.
I wonder if that will finally be the low locked in.
BHP was smashed down to get the index down there, and now it is bouncing as is everything else.
If 4250 does not hold we will be back to 4000.
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Change
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