radioactivewhale, true what you say about a new high....but lest we forget the 2007 top....
spx/dow topped out 11/10/07 with a lower top on 31/10/07
but the XJO topped out the day after the US lower top on 1/11/07.
Are we seeing the same again ?? The SPX/DOW also found resistance at the bottom of the rising wedge last night. the dow rose 110 but gave back 50 when it hit the wedge bottom.....The dow and SPX are yet to exceed the highs of september 23....so for them this still has the potential to be a lower second (bearisih) top.
thursday trading, page-119
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Last
8,118.8 |
Change
-41.200(0.50%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,160.0 | 8,160.0 | 8,063.2 |
| XJO (ASX) Chart |