NAB, page-4

have a look at the majority of stocks and you will see them all retracing to their 50% of the quarterly periods.

all of them are below their past 3 months, not a good sign and this quarter ends in Sept and then we begin the dreaded oct that could send them to a lower level.

it doesn't mean these prices are resistance levels they are just guides how they are fairing in this quarter.

NAB 35.01
CBA 32.98
bhp 10.76 (trading below the quarterly low( 9.76)
NCP 11.12
LLC 10.80
WBC 16.04
ANZ 19.11


the only one trading above its 50% is TLS at 4.84, just,
but way below its yearly 50% of 5.80.

As you can see, currently they are weak over the past 3 months and we are coming into the Sept/oct period not normally a good time for stocks.

thats the bigger picture, daily they look all ok atm, but that can turn on a dime, and see whats going to happen around the 9000 level on the Dow, whether it stalls/breaks. or fails.

for me it would need to keep its head above 9000 for a 3 day range period.