The rotation [they call it now] into banks, left no footprint in the snow that something was up.
Monday, WBC fell back midday as usual to 15.12 closed at 15.32. Nothing unusual.
Tuesday WBC closed 16.30. Wednesday 17.60.
That is not all. USA banks surged Tuesday night and last night.
EMA cross on the hourly was badly needed. I don't think the hourly has closed yet.
5 min WBC cross closed at around 17.70 yesterday afternoon.
Why were the banks not moving up slowly in the past 2 weeks?
Big, big money must have held it down, for months while the position was gathered.
No footprints.
There was a 2 day rotation into banks in January? before the fall. I am not suggesting this is a repeat pattern.
No footprints, then, either.
- Forums
- ASX - By Stock
- XJO
- Thursday, 28th May -- Media Censorship
Thursday, 28th May -- Media Censorship, page-2
- There are more pages in this discussion • 126 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
7,637.4 |
Change
61.500(0.81%) |
Mkt cap ! n/a |
Open | High | Low |
7,575.9 | 7,646.4 | 7,575.9 |
Featured News
XJO (ASX) Chart |