ASX 0.87% $60.00 asx limited

ta dow on rsi 30 opinions for oz monday

  1. 3,904 Posts.
    For me this is interesting. Normally a fall of this size would be easy - Monday will be down in Oz.

    Except - the Dow has fallen to the RSI 30 mark - that for good reasons I call the rebound line - which should mean an upswing in the Dow Monday night as buyers come into exploit the technical oversold position

    The question is will Australia respond to the technicals and go into buy mode on Monday preempting the Dow- or will they follow the Dow down.

    In any case its all good methinks - opens up opportunities
 
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