XJO 0.25% 8,160.0 s&p/asx 200

Ad09,Looking at the minimal rebound today as we hit 4700, it...

  1. 84 Posts.
    Ad09,

    Looking at the minimal rebound today as we hit 4700, it appears not too many new shorts were added compared to the last 2 times we hit it, and since then we have retraced back to 4580, so Short Stop damage may be limited.

    We currently have strong momentum up so we could retrace this afternoon 20-30 pts and retaining the uptrend.

    Nice to see the market up here finally, but I can't wait for the correction. Nice coin to be made when that hits, 1st down and when it finally reverses back up.

    Have to say though, I did not make good use of this thrust up. Too many resistance areas where I kept covering. It's not as easy to trade as the chart looks.....
 
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