Yes Volt,
I agree that the chart is disturbing.
A high volume top back in October 2010.
Since then the chart shows a sideways consolidation below the level of the top.
That is almost certainly a distribution pattern.
The likelihood of a break lower from that sideways pattern is high.
Good luck
Redb
martis's - worry when i'm worried - thursday, page-19
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |