Wassup, thanks for posting the weekly chart of the XJO since the GFC. Clearly this last 3 months have been the longest narrow trading range for at least 10 years. Also the video clip of Dire Straits is made to measure for the recent stagnation.
I would not put money on calling the predicted next direction after the sideways business comes to an end. If the US indices remain bullish then I cannot see a break to the downside in our market. The big banks will be bought for yield if they decline 2 or more percent from current pricing, and that on its own could prolong the current "nothing to see here" XJO price (or lack of) movement. Testing one's patience is a game I don't like.
- Forums
- ASX - By Stock
- XJO Weekend Charting and Chat
Wassup, thanks for posting the weekly chart of the XJO since the...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,654.2 |
Change
-128.800(1.65%) |
Mkt cap ! n/a |
Open | High | Low |
7,783.0 | 7,783.0 | 7,654.2 |
Featured News
XJO (ASX) Chart |