Thursday, October 4, 2012
Thursday, September 6, 2012
Thursday, April 12, 2012
Tuesday, March 27, 2012
Updated chart showing resistance at 4400 on XAO
If the All Ords takes out the long term resistance at 4400 it will turn the XAO Indicator blue. It will also show the most recent Indicator change to red to be a false move which should prove bullish. If it breaks through the next resistance is the trend line at around 4600.
Thursday, March 8, 2012
Tuesday, February 7, 2012
Tuesday, January 10, 2012
Tuesday, December 6, 2011
Wednesday, November 23, 2011
We're back in the danger zone
The XAO Indicator turned red yesterday but what really concerns me are the consecutive lows the market is making while the stochastic indicator is oversold. We often see panic collapses in these circumstances, so hold on to your hat. It also means that the ultimate low is not too many days away now. However, even though the low may only be a few days away, it could be many, many points away from here.
Tuesday, November 22, 2011
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