May 25, 2009
ASX heading Downwards?
By Planet Wealth
The XAO closed with a Dark Cloud Cover last week on the weekly chart, which indicated a likely pull back this week.
And this is what happened. There was a small pause and bounce made by the small term resistance on the daily chart. Now a lower peak (LP) has been formed under the up trend line, the probabilities are stacked in favour of more downward go next week.
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Topics: bear market, stock market | No Comments »
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