xjo - weekend charting and chat -04 april 2014

Here we go again......

The XJO closed higher again on Friday, after being a little lower earlier in the day.
Once again the market showed a lack of selling pressure, combined with a lack of demand.
Volume (value traded) has continued to fall each day this week, even though the index was up four days out of five, albeit marginally.
And the Index was able to break and close above the high of Mondays bar, which was some sort of positive.
The low volume as the Index rises is still a concern.

enjoy your weekend.


cheers