XAO 0.57% 6,816.5 all ordinaries

ALL ords in trouble

  1. 42 Posts.
    Just in case you missed it...

    The 50 day moving average of the XAO has, in the past couple of days, broken down below the 200 day moving average. This sets a technical ceiling for the XAO. That, coupled with a nasty looking rounding top does not promote confidence.

    Interestingly, last night the same thing happened with the DOW index.

    Both indices are now in full bearish mode.

    Look out below.

    G

 
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