Just thinking.. ain't it funny how markets are much more likely to bounce from an oversold condition than they are to reverse from from an overbought condition.
And temporary weakness in indicators during a bull run, even divergence, can always be corrected by a rally. The advance-decline divergence seen atm, for example, could be fixed by a rally in small caps as they catch up to the large caps. Bearish divergence in momentum indicators can be fixed by a strong rally. What seems like weakness in indicators can sometimes just be consolidation, or even bullish as the indicators cycle down without much give back in price. Just a thought.
- Forums
- ASX - By Stock
- tgif night
Just thinking.. ain't it funny how markets are much more likely...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,099.9 |
Change
24.200(0.30%) |
Mkt cap ! n/a |
Open | High | Low |
8,075.7 | 8,143.6 | 8,075.7 |
Featured News
XJO (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online