It is maybe time for a little consolidation here after the nice bottom and run up last week. Maybe a few inside days would do the trick. One of the guys I follow suggests either this or a small counter trend and then a new wave C up of the final wave 5 - which seems reasonable.
I'm a volume girl as I have stated many times before. It is interesting that when you catch a glimpse of big orders (over 100) sitting there the MIB will move the market to get those orders filled.
Hence the sideways move today as there are over 100 orders on the buy side at 4698 and occasionally a big order will come in on the sell side to try to move it down a bit.
It is maybe time for a little consolidation here after the nice...
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |