Buckle Wheel - Thursday

OK, I'll do one.........






I think Jeeps used this photo once when he put up a cranker........ so I borrowed it......


Jeeps



Good Morning and Welcome to The XJO Thursday Thread


News for Today (AEDST)





The XJO rose on Wednesday, in response to the dip lower on Tuesday,
where the majority of supply present must have been bought.

The spread (or range) on Wednesdays bar was quite reasonable, considering the below average volume (value traded),
and the day closed on its highs.
It appears that the buying seen on Monday and Tuesday absorbed the majority of supply present at these levels,
leaving a brief supply vacuum (a lack of selling pressure), which in turn allowed price to easily rise on low'ish volume.

Anyway, as far as I'm concerned it is all just sweet at the minute...........
I'm just keeping my eye out for any signs of a buckle wheel turning up...... which would throw a spanner in the works.

The coast looks clear so far......... with the Index behaving itself nicely.



Good Trading and Investing