Going through my charts this morning has made me very nervous. Now have a downside break in the upslanting wedge. I have never seen a wedge cover so much ground in six trading days. Good to keep in mind that upslanting weges are inherently bearish just as downsloping ones are very bullish. Would be happy if we could have a couple more days of more restrained action to allow my indicators to catch up - the time and price thing - but can't count on it. One thing that did worry me this morning was the chart of gold and HUI. I ws rather hoping that we might have been able to get a move up in gold so that we could at least play the little goldies but by the look of things, they will sell gold as well. Particularly unhappy at the way the little miners have pulled up under their overhead resistance. All in all not a very happy sight.
There feel better now that I have got all that off my chest!!!
friday free fall, page-2
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7,763.2 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |