xjo - weekend charting and chat, page-2

Yes, Jako - the volume yesterday was poor. It was Friday when trading tends to be lighter - but this was more than a Day-of-the-Week Effect.

This is looking like consolidation now rather than the start of a big pull-back.

I've been saying we need to see a big down day to confirm a bearish tendency. We haven't seen that yet.

So - at this stage we've got consolidation - waiting for the next move. The odds are beginning to favour the upside, but I'd like a confirmation day, one way or the other.

Redbacka