The XAO Indicator paints the daily bars on a chart - blue to show a rising market and red to show it falling. This indicator has been tested over 30 years. When a bar turns blue, 67% of the time the market will move higher before turning red again. When it turns red, it is a time for caution. Sometimes when red, the market can fall substantially.
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.
Wednesday, September 14, 2011
All Ords reaches on 'Make or Break'
The All Ords has reached the upper level of the 'make or break'. It needs to hold here otherwise there is wide open space between here and the next and more significant 'make or break' support at around 3750.
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