XJO 1.19% 7,831.8 s&p/asx 200

Pizza Friday, page-3

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    XJO up modestly today +0.24%.



    The index is holding at the 200-Day Moving Average.  That’s the border-line between a bull and bear market.

    The trend channel remains steeply down.

    We have no sign yet of a re-entry signal.

    We will, no doubt, see more scratching around at this level.  We could even see a marginal lower level.  

    But, until we see re-entry signals – it’s best to wait on the sidelines.

    I hope you have some cash ready to buy.
 
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