XJO
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0.76% 7,921.3 s&p/asx 200

snippets - 06/11/09, page-30

  1. redbacka
    9,432 Posts.
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    11/11/09
    18:11
    Post #: 5901090
    Here's a simple line chart of the XAO since Dec. 08. The index is now at a critical horizontal resistance level and just below the mid-line of the up sloping channel. As it is now overbought - this looks likw a logical place for the market to selll off. There might be another day in it. Of course, rampant bulls might have other ideas.

    Cheers
    Red

    XJO Value at posting: 153.00
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    lightbulb Created with Sketch.  Great analysis
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