XJO 0.25% 8,160.0 s&p/asx 200

tuesday , page-23

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    Now, longer term momentum indicators look quite positive BUT can be aborted or have short term set backs of course.

    I don't even have any short term sells yet.

    But I note:-

    HK put in the highest daily RSI reading yesterday since Oct 2007.

    Some sentiment readings are similar to the few extremes of the past decade.

    COT reading for Nasdaq was far worse than anything seen for years at least.

    Gold way overbought, at least in the short term.

    USD looks way oversold, and at least a bounce on the cards, as everyone convinced there is only down to go.

    Techsignal still suggesting a low into late Oct despite the push up.

    etc etc.

    Yep, intra-day, I have taken my short profit today and have a small long now.

    Is this a significant top? Dunno. EOD will be interesting.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.