Looking for a Low. Monday Evening Liqueurs. 11 January, 2016....

Looking for a Low. Monday Evening Liqueurs. 11 January, 2016.

XJO down -1.17% after being down -2.2% at its worse. So the index retrieved about 1% from its low. It would have been nice to see it get back more than half the fall, but maybe near enough is good enough?

Here's the chart:



Once again, the Index is testing the absolute lower limits of the recent range, and rebounded. Not enough to ensue great confidence, but enough to suggest the bulls have not yet been carted from the arena.

The past two days trading has seen efforts by the bulls to buy back into the market after being well down. They're either gathering strength for a counter-attack or down on their knees awaiting the final slaughter.
A good up day, and the bulls will be resurgent.

Not much more to say today. The Oz market is at the hands of overseas movements. That's not always the way - but that's the way it is at this stage.

RB.