It amazes me how many are soooo bullish..
..
My humble view ..
1. Trend too steep
2. Indicators way overbought
3. volume too light vs rise
4. Lots of hot air
5. current formation vs past very very bearish..
6. broadening formation ...very very bearish..
7. retest of long term resistance level complete..text book..
8. pockets of spec sector dead..
9. long term trend very bearish..comparable to 1929
10. 3 year uptrend smashed on heavy volume..bearish
11. Europe.. in mega debt..
12 U.S a joke ..14 trillion in debt..
13. A huge sell off is due..
14. C Wave to resume shortly..coming week
ALL THE ABOVE ARE OF THE OPINION OF I..
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |