The DOW chart is screaming 9000 minimum where it may find mid term support and this outcome would equate to about 3800 IMO for the XJO. If this happens quickly as in panic sell there may be a short term overshoot to the 3500-3600 area which would be a big time buy signal for me back to the 4500 level.
If it is an orderly well behaved bear the 3800-4000 area may be base level accumulation.
morning star monday, page-7
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Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |