Ophir,
Yes looking good and the HDB held on the pullback after Ben dudded us again, can you believe it? It stopped going down 0.25 of a point higher than the HBD level so it is a big plus.
There is a lot of supply around the 1413-1415 area (cash). Every time the index gets there, the sellers rush in and I see an outside down bar on one or another time frame. Will post some charts later showing some of these bars.
It could be distribution here, I don't know. But we have to go with the trend and the trend is still up on the larger time frame. The decline so far has been very muted as well.
Good luck!
Chris.
redbacka's - forget jackson hole - friday, page-40
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Last
7,816.8 |
Change
-12.900(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |