Whilst almost all technical momentum signals and price action since last Thursday's high confirms the "Wolfe" Pattern on the XJO I posted a few days ago is unfolding(copy of that chart below) it is something that Jako64 mentioned in his early a.m. wrap this morning that places "caution" for this 'Bear' at least...
Jako64 said "...The lower volume suggests that Serious Supply has not yet entered the market."
...and that is clearly? the case today as well(not unless our last Hour produces participation fireworks). Have a look at the second chart....
completely unrelated - monday, page-8
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Last
7,953.2 |
Change
-36.400(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,989.6 | 7,989.6 | 7,894.3 |
| XJO (ASX) Chart |