XJO 0.74% 8,285.2 s&p/asx 200

Gday Farsight,I was thinking that the 200dma on the daily would...

  1. 5,881 Posts.
    Gday Farsight,

    I was thinking that the 200dma on the daily would probably be the top of any rally, would probably be part of an intraweek move that would fail to close above the 50dma on the weekly which up until recently had proven to be a strong support to the bull, hopefully this will play out over a couple of weeks not early next week as I have some longs to close out. I really hope for a flattish week or a reasonable amount of $USD stength in the next week. The daily chart probably gives you a clue as to where I think things may be headed in a few weeks. Head and shoulders anyone.


 
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