XJO 0.12% 8,221.5 s&p/asx 200

stalemate wednesday, page-3

  1. 4,960 Posts.
    G'day EvilMonkey and Aks...

    Evil, good to see you posting more mate...

    with further US index weakness after the bell, I reckon we might see a bit of a plunge at the start of trade, at least in the futures... from that point on I will be watching closely for upside...

    Despite the aftermarket Drop... this latest fall intraday in the US indices is showing as likely to retrace according to the MACD, so I am more and more leaning towards upside potential...

    That being said, I also note we have busted our november lows again, so maybe a further probe down by the market is required...

    In summary... no idea, with a bias towards upside... Am aware that a mid march "turn date" is being proposed by quite a few here

    ;)
 
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