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Garfield the Cat Tuesday, page-48

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Double Or Nothing

914 Posts.

35

19/06/18

15:20

Post #: 33801162
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Originally posted by 48&34 ↑

The index seems to held up above 6100 artificially atm. Looking at the chart of last week until Thursday evening, you would expect to be below 6000 already. The XXJ has started to recover from a low base but why, right now, in mid June with no dividends due until CBA in August? All I can say is; significantly oversold. The down move which must come, will be severe and sudden, and likely to push us down into the 5900s. But wait a minute, there are no certainties when dealing with markets. So all IMO only!

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Lots of shorters caught pants down end of last Thursday. Is this a genuine bull run or more of a short cover / squeeze ? Volume should shed some light.

XJO Value at posting: 6,118.7
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0 Great analysis

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