XJO 1.39% 7,575.9 s&p/asx 200

'mission statement' - monday

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    Good Morning and Welcome to the XJO Monday Thread


    News for Today (AEDST)




    The XJO reversed back up on Friday & recovered most of the ground lost on Thursday.
    It appears to be reacting off the trend line drawn across the Oct 2013/Jan 2014 highs.
    It wasn't the most impressive two bar reversal ever
    (the real bullish ones have the second bar's close exceeding the first bars high),
    however it is a reversal, although in a short term downtrend.
    Now we wait to see if there is follow through demand, as it has been demand that appears to be lacking lately.





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    Good Trading and Investing


    cheers



 
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