Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.81%

7,637.4 s&p/asx 200

Thursday, 28th May -- Media Censorship, page-3

First 3 Last

Share
Profile

Follow
ChaseTrdr

2,934 Posts.

310

28/05/20

07:19

Post #: 44881904
Share

Originally posted by lost com: ↑

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.

Expand

Bank Index up heavily again in US. If banks can behave and if CSL can recoup some of its losses yesterday, the index could be up big green. Going to be looking for a long futures position on open. Iron Ore up slightly overnight and still above $90.

Last edited by ChaseTrdr: If your clique is rich, your clique is rugged 28/05/20

XJO Value at posting: 5,775.0
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 125 more messages in this thread...

First 3 Last

Add XJO (ASX) to my watchlist