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.

Tuesday, February 22, 2011

XAO: Indicator blue, struggles with mid-channel trendline

The XAO Indicator remains blue so the trend remains up but there are some nervous nellies about calling a top in the market. Sooner or later they will be right and given the way the All Ords is struggling with the mid-channel trendline, a correction could come sooner than later. Here's an updated chart.

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