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XJO 6,330.1

One Hundred Percent Increase - Friday

  1. Jako8557

    15,678 Posts.
    457
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    Good Morning and Welcome to the XJO Friday Thread



    News for Today (AEDST)

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    The XJO continued its grind lower on Thursday, however it is making hard work of it.

    Volume (value traded) was again increased, and this time above average,
    however on that increased volume, the spread actually narrowed, and the amount of ground lost (lower) was only moderate.
    This suggest's that there was some (hidden) buying within Thursday bar.


    I won't be surprised to see a reversal bar, or perhaps a shakeout soon.

    120215 xjo.png



    XJO Intraday - 10min/6.25 PoS, 3Point Wave

    The shortening of the thrust (lower) can clearly be seen,
    which is an indication a trend may be becoming tired or is at least having difficulty maintaining the current direction.


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    Good Trading and Investing


    .


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