XJO 0.50% 7,971.1 s&p/asx 200

are we going green, page-47

  1. 17,444 Posts.
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    SPI finished at 25 pts discount today.

    Every time SPI has been at a discount since August of more than a couple of points the next day has been up at the close.

    Quite a few more indicators went positive today and outnumber the bearish ones.

    Doesn't mean a majority always wins but the odds are in favour of the longs IMO, for tomorrow at least.

    I'd still like to see a slight new high over last Friday as a rule of alternation of waves 2 and 4.
 
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