Collin twiggy -
Australia's ASX 200 index rallied strongly Thursday and is headed for a test of the upper trend channel. 63-day Momentum declining below zero reminds that we are in a strong primary down-trend. Respect of the upper channel would warn of another decline — to test the lower channel border.
ASX 200 Index
* Target calculation: 4000 - ( 4500 - 4000 ) = 3500
We are experiencing exceptional volatility at present and risk of false signals is high. It is important in such situations to look for strong confirmation. One step is to wait for signals on the weekly chart to confirm those on the daily chart. As you can see, this bear market is a long way from over.
still waiting for the end of oct!
Collin twiggy - Australia's ASX 200 index rallied strongly...
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Last
7,680.6 |
Change
31.000(0.41%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,649.6 | 7,713.7 | 7,628.1 |
| XJO (ASX) Chart |