XJO 0.41% 8,284.7 s&p/asx 200

BlackDuckI thought QBE was so oversold it may do something. It...

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    BlackDuck

    I thought QBE was so oversold it may do something. It hasn't a lot, but surely 12 would be the worst case! What will these floods do to it? My view was that often QBE was an extreme of market action up or down but seems not to be the case for now.

    The word of the week is "inundation". I think it means flooding but has more syllables.

    I am sort of positive on XJO based on monthlies and quarterlies etc but allows some weekly downside I guess.

    In the CMC chart for it, I would like to see (1) 30TEMA closed above, (2) BB mid closed above and (3) RSI closed above to really excited.



 
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