XJO 0.08% 8,103.2 s&p/asx 200

tentative tuesday shorting, page-90

  1. 4,155 Posts.
    Here's a summary --

    905.7 is also 1/4 retracement of the current move down (956.23 to 888.86).

    Moving above that would weaken the whole move down.

    Not moving above that holds the move down in a strong position.

    Moving above above 903.78 and turning down before 905.7 holds the downtrend in a strong position but it doesn't qualify as a fast trend down and its not gaining momentum.

    Moving above yesterday's high (898.69), then turning down sharply before 903.78 is the worst case scenario for a bounce, holds the move down in a strong position and suggests the move down is gaining momentum.

    Going to watch NSW get thrashed despite them poisoning is the MIGHTY QLD!




 
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