XJO s&p/asx 200
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redback report, week ending 7 december, 2012, page-5

  1. redbacka
    9,652 Posts.
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    10/12/12
    09:45
    Post #: 11167140
    Hi strauss,

    Break of oblique down trend line from 2007. Yes - significant.

    Old rule - both oblique and horizontal must be broken to the upside.

    The biggie now is the horizontal resistance line around 5000.

    Until that's broken we're still in a cyclical bull in a secular bear.

    Plenty of room though for trading.

    Redbacka
    XJO Value at posting: 4,551.8
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