I'm worried that this movement is nothing more than a consolidation half way through wave 3. Any failure to breach previous highs (which we are some way from, frankly) will generate further selling. I give it 2-3 days tops for something to happen on the upside before I'll start putting some shorts in place.
I'm not comfortable being short, but the trend is our friend and we are still trending down IMO
Kazoo Thursday, page-22
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Last
8,150.0 |
Change
-55.200(0.67%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.2 | 8,205.2 | 8,107.6 |
| XJO (ASX) Chart |