Good morning all. A strange market.
Last week I noticed CBA riding up the top bollinger to reclaim 61.8% fib of the last range, ANZ and BHP poking through the bollinger...
A dip looked inevidable.
Some majors like ANZ, JBH have very tight bollingers indicating a big move is about to happen. Could be either way.
BHP is overbought, and uncharacteristically riding the top bollinger up---in red candles. That is, it gaps up each day and then closes lower. I can't trade that because I don't short.
So the market is a little confused and confusing, and once again rallies are short-lived.
sierra's - spoiling the fun - wednesday, page-9
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Last
8,300.2 |
Change
15.000(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,285.2 | 8,317.7 | 8,244.3 |
| XJO (ASX) Chart |