"As flies to wanton boys, are we to the gods;
They kill us for their sport."
In making the following statements, I'm only too well aware of the above quote from King Lear 4.1.36
This looks like a top to me.
1. XJO at resistance of long-term up-trend line.
2. RSI at its highest level in the past 200 days trading.
3. CCI yesterday reached an extreme level above 200 - the last time it did that was in early November - and the market retraced for most of November.
4. Volume yesterday was the highest in nearly two months.
5. Today's volume - on an indecisive "inside" day - was above the 50-Day Average.
All of that says to me, we're at a top.
If the market is up from here in one week's time - then the gods are truly playing with me - in the most sadistic manner. And I am not into sado-masochist. :)
Good luck
Red
- Forums
- ASX - By Stock
- XJO
- thursday trading
thursday trading, page-20
-
- There are more pages in this discussion • 9 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
|
|||||
Last
8,032.3 |
Change
44.200(0.55%) |
Mkt cap ! n/a |
Open | High | Low |
7,988.1 | 8,057.9 | 7,988.1 |
Featured News
XJO (ASX) Chart |