resistance in time seems like a drag at the moment weighing down the main indices. i don't see how 2 years can reasonably be seen as low. it has to be a high. ok, so that means resistance in time now and a fair bit of it. that is exactly what seems to be happening.
separately, interestingly and surprisingly (for my mind anyway), bullish sentiment fell again in yesterday's session despite the rally. why would it happen that bullish sentiment falls on a reasonably strong up day and what does that tell you?
weds wrap, page-39
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |