I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can you lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

Thursday, June 17, 2010

Where will XAO Indicator turn blue again?

XAO Indicator will probably turn blue again at 4,680. That's only 135 points away. That would be an interesting turn of events given all the talk about double dip recession. Anyhow, talk is just talk, what is relevant is what is actually happening. At the moment the market is telling me to be cautious. When the bars turn blue, I will be taking a positive stance. Will keep you posted.
Here's a current daily chart covering the past 12 months.



Click on chart to enlarge
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