Hmmm ... yet again XJO demonstrates price has peaked in 6200-6400 range as first discussed here back in April07 ... volatility outside this range indicative of US (and to a lesser extent AUS) consumer-debt-bubble expansion is coming to an end.
Banks up having joined the scramble for Centro's 'Claytonesque' firesale ...
XJO bounced as expected at Fib(50%) major support level at S1 6200 and technically the LONG entry triggered ... if anyone is actually trading given price is thundering northwards as we speak ... lol
Dow Futures up +20.
Cheers ... tight stops.
This is only my view ... read the black stuff.
bounce at support 6200 ... price maybe peaking
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Last
7,769.4 |
Change
-0.300(0.00%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,769.7 | 7,772.0 | 7,753.4 |
| XJO (ASX) Chart |