lance...
the h & S pattern on the xmj
is deceptive...
below chart compares the xmj against the
crb index...
it looks like the crb has nested a low
first and started a new cycle with xmj to
follow shortly...
great example how variation in cycles
occur along with both financial instruments
following a similar pattern but at different
phases...
once the trendline on the crb is broken the
confirmation of the low will be more convincing
and probably influence the xmj more strongly as
it may be a 'key' signal...
- Forums
- ASX - By Stock
- XJO
- redback report, week ending 27 july, 2012
redback report, week ending 27 july, 2012, page-5
-
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,699.8 |
Change
19.200(0.25%) |
Mkt cap ! n/a |
Open | High | Low |
7,680.6 | 7,738.2 | 7,643.3 |
Featured News
XJO (ASX) Chart |