I had never seen XJO in such narrow range for so long. The magic 4700. The pattern is in favour of upside break out soon or later IMHO.
There are a lot of market scenarios after US mid-term election and fed QE2. Looks like buy on rumours, and sell on news is the majority.
Well, market often surprise us, the majority of us. But the lack of decent correction of this rally may add on weight to downside.
Decisions, decisions....
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |