Hey Bris,
I'm not happy either. Everything on the chart said go long at 10:15, however already had the mindset after the morning review that a large rise was not going to happen today. Chart is alway right, the price action tells you everything. Anyway missed the early run up, went against it for 10 then bailed on a stop.
However, as Dicey said the XJO is lagging. I watch the SPX/SPY ratios daily and only last Thursday it was 4.49 on open, 4798/1066, today the open was aound 4.30, so the pressure was for a rebalance, i.e. XJO up. Currently we the ratio is 4.36 and climbing.....
By the way, have a look at the Hr chart, a perfect reverse Head and Shoulders. Have broken the Neckline and Shoulders.
Cheers,
which way monday, page-50
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Last
7,921.3 |
Change
60.100(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,861.2 | 7,938.3 | 7,861.2 |
| XJO (ASX) Chart |