thursday morning in melb is cold, page-35

A repeat of yesterday...It looked ominous in the first seconds of the opening when ANZ very smartly retreated from its open and formed a red candle.

ANZ was the telltale for me...it is refusing to close the gap, and so is CBA.

So, another small NAB scalp for me, still playing it day to day.

Worth noting that while a week ago daily DJIA and SPX stochastics were overbought.... they've since not only hit oversold, but are more than halfway back up again.

The weekly stochs are at the same level, in the 60's but heading down.