Planet Wealth - Australian Stock Market Education » ASX heading Downwards? http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Sat, 31 Mar 2012 00:21:23 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 ASX heading Downwards? http://planetwealthblog.com.au/asx-heading-downwards/ http://planetwealthblog.com.au/asx-heading-downwards/#comments Mon, 25 May 2009 02:48:31 +0000 Planet Wealth http://planetwealthblog.com.au/?p=622
ASX heading Downwards?

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 created by the short 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 move next week. 

 

xao 220509aaa ASX heading Downwards?

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