Panic - Wednesday, page-2

Tuesday Evening Liqueurs. 8 March, 2016.

XJO down -0.68% after opening up quite strongly. Volume was very heavy. This looks like the pull-back we had to have.



Our market was overbought and due for a pull-back.

We don't have a negative divergence on the Stochastic, so any pull-back is likely to be bought.

That is supported by the relationship of the Short-Term Stochastic to the Longer-Term Stochastic in panel Two under the Index Chart.

So long as the pull-back isn't too strong (and that is what I'm expecting) this should provide a Buy-the-Dip opportunity.

RB