ASX 0.44% $67.26 asx limited

massive broadening formation on the bank index, page-6

  1. 13,576 Posts.
    x-text...i covered half....will add shortly once again....take a look at the weekly chart on the financial index..using a line study...u will understand what i am talking about....but i am expecting a slight bounce atleast 100 points on the index...going to get very ugly for the banks. i refer to 300 points as the weekly is different to the daily..the daily has penetrated the broadening formation ....the bounce u saw on yesterday could be the temp pull back to the resistance level before the major collapse occurs.
 
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