AJ,
Yeah, it appears so - but if you compare its chart to the XAO you will see it is mirroring whatever the XAO is doing and has consistently done so for a long time now. I commented on that months ago and the situation hasn't changed. Not always on a daily basis though.
The good news is that indicates a lot of Insto activity as they follow the index. Bad news is the Ords aren't about to break into a song and dance anytime soon.
More good news is that GBG is doing a little better than the XMJ (materials sector) atm which is still downtrending whereas GBG is consolidating around this level before it (or the XAO!) decides where to go next!
Best news is- The XMJ is still true to a 5 year uptrend and GBG is still true to a 3 year uptrend, whereas the XAO has clearly broken its 5 year uptrend.
XMJ and GBG are testing their uptrends though.
If you want my advice- add the milk to your coffee before you add the boiling water for a better instant coffee.
Add to My Watchlist
What is My Watchlist?