XJO 0.34% 7,796.0 s&p/asx 200

XJO - Weekend Charting and Chat - 01 Aug 2014, page-18

  1. 13,576 Posts.
    Hotfire ... Its a wait and see game at the moment ...The BIG boys will make us seem that the bull market is still intact (whilst distributing) ... I would be wary on any of the bounces that are upcoming imo..

    The all data monthly chart and imo shows that we have culminated ...attention on the bounce and volume IF any in the coming days is critical ....

    Portugals technicals look very ominous ....A catalyst of some sort other than argentina will be needed to break the BULLS back ...The technicals on the DAX have been damaged significantly.

    To conclude and imo if the DOW does not bounce strongly on Monday (small bounce would be ominous) then I do believe the sell off will continue ...

    God bless.
 
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