re: market top indicator As the recent move has taken xjo out of channel(from mid 03/05 high) one should look for a re-test of trendline which if happened immediatley (as changes with time) would be located just under 5100. Bounce from here would confirm the acceleration of overall trend. Then all bets are off. - However break would pretty much confirm it as a blowoff. Best bet is a wait and see attitude.
Daily and weekly macd are highest they have been for 13yrs! ..this is as far as my chart goes back.
Cheers
Chris
Milky Bars are on me fellas after lastnights down carnage & futures slaughtering.
fri arvo selloff, page-20
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Last
7,750.7 |
Change
-16.800(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,767.5 | 7,767.5 | 7,710.3 |
| XJO (ASX) Chart |