It should also be remembered that the XJO is down less than -5% since its high in early January.
That's within the definition of a pull-back.
From the high in early January till Friday, the pull-back has taken 21 trading days - so that's getting well into the "weeks", although still brief.
The pull-back in the XJO has also sketched out a classic ABC downtrend - not a straight down movement.
That also suggests that this pull-back may be over.
RB
XJO Weekend Charting and Chat - 09 Feb 2018, page-54
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,816.8 |
Change
-12.900(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |