Well, the DOW roared last night and completed as big a rally as it possibly could gaining a monster 5pts, possibly helped along by the PPT to keep it positive into close. Things are looking shaky, and today should give rise to BHP's second cycle of 5 day down, 2 shaky days up pattern. My opinion only, but a few more big drop days to come.
You could say that the $US has already re-tested that broken trend line and is now ready for a major incline, just as gold breaking $915 support (with re-test last night as resistance) looks set for a major decline. Obviously this would cause the market to head lower.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |