what the... wednesday, page-83

Hi All

Well the gaps created on yesterday surge have not yet been filled, so expect these to fill with another drop tomorrow. Eg BHP high of 26.50 Monday and low of 27.25 today; XAO 4098.7 Monday and low today of 4120.

IMO we're likely to drop back down to retest the lows, forming either 1. a 2-3 week descending triangle breakout which we breakup from and rally into next year or 2. a small rally to about 4120 which simply burns off an oversold condition on the hourly before rolling over and falling down to the bottom of the next channel at about 3480 then rally into next year.

Just my thoughts.