XJO 0.00% 7,971.0 s&p/asx 200

xjo 5000 by friday, page-39

  1. 689 Posts.
    Great post w, love reading that sort of detail. The MACD histogram slowly losing momentum suggests a painfull crawl further up before a move down. I also use a 13 based MACD histogram which is (approx) criss crossing the 0 line.
    Past performance suggests that extended minimal Histogram action, ie no/low momentum can go on for a while, ie the market might crawl a little bit higher (on its belly) before tumbling. The market seems a bit schitzo at the moment. Wants to go higher but is looking for a reason to fall.
    Weekly looks good but the weekly Slow stoch (5,3,3) is overbought and has just been bent over by recent daily action. As daily in the end determines the weekly the coming days will be interesting for the weekly.
    As at the end of March the Monthly chart showed a bullish basic pivot point reversal.
    Anyway my observations only.
 
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