XJO 0.81% 7,971.6 s&p/asx 200

can't see dow doing much if UK hits the skids, at least not til...

  1. 9,803 Posts.
    can't see dow doing much if UK hits the skids, at least not til after uk cash close. And tho I've been sleeping, I still don't like the look of the xjo rally on the chart. The green is heavily interspersed with counter trend selling so its obvious there was a lot of selling into the rally, and the blowoff was feeble as well. By that i mean, a really bullish intraday move would have ignited a more serious rally into the close than what we got. It basically looks to me to be a bear rally, that is, corrective in quality. Whether the smart money was buying or selling.. they usually go opposite to the crowd.

    But I actually just trade price mostly.. if dow looks like rallying tonight, I'll go long. No position atm.
 
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