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0.10% 7,767.5 s&p/asx 200

We are not out of the woods yet, and we all know bears live in...

  1. Toll
    1,932 Posts.
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    12/08/11
    09:50
    Post #: 8813027
    We are not out of the woods yet, and we all know bears live in the woods...
    Plenty of supply above, trapped buyers that are scared they will lose their money and willing to sell out on any rally. I am expecting a short lived upmove followed by another test of the supply before any sustained move upwards. We haven't built much a cause for higher prices yet.

    If the market does recover now it isn't going to break 5000, we would need far more consolidation at these levels for that IMO.
    XJO Value at posting: 4,140.8
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
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