Is it time to reshort?
I think it is on a low risk basis.
DMI+ and DMI- have closed up.
We are up to the important moving averages.
Daily RSI is getting back close to 50.
Oscar says holiday weeks go counter trend.
The intermediate trend is still down.
That doesn't guarantee anything but I prefer to take positions close to a change in trend.
That means if its wrong then losses are less.
Maybe its a small pullback or new lows.
Maybe not.
Its all about risk and reward.
oh fa' friday, page-16
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |