Last night looked like it was following the crash pattern as pre market was down hard but the market finished flat.
That's not enough to say its just not minor variability yet.
I think this is the time for bulls to show their stuff or succumb.
Some astrology stuff for a low here plus full moon etc.
The average XAO year recovers from here.
RSI's 14 or 5 period on local markets are at "normal" lows in a bull.
Channels are much like this one.
The Frankenstorm in the US could disrupt exchanges but they say they have contingency plans.
The cyclone plus another cold weather system plus full moon tides could make in a 1 in 100 year event.
However thin markets are prey to raids!
They talk about power outages of 7-10 days. We think 24 hours is bad.
Is this DJIA chart at support by trend line or building for more downside under the Gann fan line?
Last night looked like it was following the crash pattern as pre...
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Last
8,071.2 |
Change
-13.300(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,084.5 | 8,107.3 | 8,062.4 |
| XJO (ASX) Chart |