I'm bearish on the world indicies in general as I think the debt problems in EU are only going to get worse and sooner rather than later, but that';s just my opinion. Technicals suggest down move can reach the next support line. Maybe that's the place to try a long.
Disclaimer: I haven't traded the local market in a while and this is just a quickly chucked together chart so take it as such.
PS not sure what is going on with the data spike. Data is from Yahoo finance.
thursday dodgy trading, page-45
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Last
7,750.7 |
Change
-16.800(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,767.5 | 7,767.5 | 7,710.3 |
| XJO (ASX) Chart |