I have sat and thought about the big picture a bit more. I have mentioned the seven day chart I keep of the SPX - it still doesn't look all that bad - it is mainly the Dow that is looking the weakest after Friday. But what is bothering me is that the XJO is oversold and shouldn't be far off a bounce. BHP putting in a good performance. Rubbish end doing quite well.
Time for a walk and let the market decide.
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- Compression - Monday
XJO
s&p/asx 200
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1.37%
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8,757.2

Compression - Monday, page-6
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a |
Open | High | Low |
8,639.0 | 8,776.4 | 8,639.0 |
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XJO (ASX) Chart |