XJO 0.10% 7,767.5 s&p/asx 200

Hi SelmaxTend to agree with you there, but it will be all...

  1. 4,627 Posts.
    Hi Selmax

    Tend to agree with you there, but it will be all dependent of course on where the Dow goes tonight, obviously a lot of buying last night after that panic selloff at the open. I'm tending to think that in regard to our market what China does is much more important, so it'd be nice to see them make a bottom pretty soon.

    Stochs oversold and turning up on the dow as well as possible bullish divergence on the MACD. Notice also volume has been up on the bounces last night and previously on the 21st but in fact dropped when it declined on the 22nd. More buyers than sellers maybe?

    The next couple of days will show us the way.

    Cheers!
 
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