joany thursday, page-41

"...whats your view on the banks ...?

hate em with a passion :)

I did a chart on the XFJ a few weeks ago, which shows that weak breakout that it had, and it appears that weakness is still flowing thru, all's going to plan with it, hehe

Tomorrow we have WBC and NAB paying divs so that will weight quite heavy on their index and obviously close their weekly bar down lower and with an increase in volume

imo its heading back to at least the 4500, lets see hey

cheers

XFJ week



Yesterday, the XJO moved higher but it was fairly ordinary, up on only average volume which is not what the doctor would order

and today its retreated on a wider spread with an increase in volume, but it has closed off its lows

kind of thinking we could see some sideways movement, which way its going to break ??... my guess down, which would make this, XNV chart go up, up and away :)