re: looking sick today again Prophet
It may want to fall but atm it cant even retrace 0.236 (5051) of 5090 and 4926. A 0.618 retrace is 4988.
I think we need a little shake out to 5027 then up to 5120.
My longer term (average trade 21 days) trend following system has a stop @ 4990 today. Until thats broken no need to panick, just consolidation above the range.
As you may have worked out Im trading a little longer term atm and will be until the current up trend is terminated. I even want the XJO to fall a little so I can buy some equities (resources, banks)
re: looking sick today again ProphetIt may want to fall but atm...
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Last
7,783.0 |
Change
-55.800(0.71%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,838.8 | 7,838.8 | 7,750.5 |
| XJO (ASX) Chart |